When testing mutual fund performance over time, one must be careful of ___________, which means that a certain percentage of poorer-performing funds fail over time, making the performance of remaining funds seem more consistent over time.
A. survivorship bias
B. lucky event bias
C. magnitude bias
D. mean reversion bias
A. survivorship bias
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What is most likely a consequence of paying most or all of a salesperson's compensation in the form of commissions?
A. It encourages teamwork over individual performance. B. It frees the salesperson to focus on developing customer goodwill. C. It will quickly become expensive for the employer. D. It encourages the salesperson to focus on closing the sale. E. It makes the employee appreciate the reward as the reward relates to economic conditions.
Making quick decisions is the sign of an effective manager in Japan while it is often viewed as impulsive in the United States
Indicate whether the statement is true or false.
To organize your ideas when thinking critically, you identify, construct, and evaluate ____, which are statements or explanations that support your ideas.
A. assumptions B. premises C. facts D. arguments
What are the set of principles that dictate acceptable behavior called?
a. values b. ethics c. moral philosophy d. attitudes e. mindsets