Parker believes that as long as he pays good wages and treats his workers fairly, he can keep employee turnover to a minimum even though his store is located in a community that is known for having a transient population. Parker's belief is an example of which of the following psychological biases?
A. discounting the future
B. social realities
C. time pressure
D. illusion of control
E. framing effects
Answer: D
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Patrick prepares a presentation of a research paper that begins with the major idea. He then realizes that the topic could be antagonizing and may not please his audience. In this scenario, which of the following should Patrick use??
A) ?The deductive approach B) ?The inductive approach C) ?Metacommunication D) ?Excommunication
The use of "expert opinion" is one way to approximate subjective probability values
Indicate whether the statement is true or false
Other things the same, the use of debt financing reduces the firm's total tax bill resulting in a higher
total market value. Indicate whether the statement is true or false
Larry is a certified public accountant in a firm which audits public companies. Larry is accused of unethical conduct. Is Larry required to abide by the ethical standards of the Public Company Accounting Oversight Board?
A) Yes. B) He can be held liable only if he had actual knowledge of the particular guideline he is accused of violating. C) No, the PCAOB establishes audit rules, not ethical guidelines. D) No, the PCAOB has no authority over Larry.