Kahneman and Tversky (1973) reported that people give __________ weight to recent experience compared to prior beliefs when making forecasts. This is referred to as ____________.

A. too little; hyper rationality
B. too little; conservatism
C. too much; framing
D. too much; memory bias


D. too much; memory bias

Kahneman and Tversky (1973) reported that people give too much weight to recent experience compared to prior beliefs when making forecasts. This is referred to as memory bias.

Business

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Which of the following correctly states a lessee criterion for classifying a lease as a capital lease?

A) The lessee guarantees the residual value. B) The sum of the lease payments exceeds 90% of the fair value of the asset. C) The asset is the property of the lessor at the end of the lease term. D) The lease term is equal to 75% or more of the estimated economic life of the leased asset.

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During periods of consistently falling prices, the FIFO inventory method will produce the highest possible amount of net income

Indicate whether the statement is true or false

Business

Return on assets pricing has the same objective as gross margin pricing for the price determination process

Indicate whether the statement is true or false

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“Developing long-term goals, objectives and priorities and deciding on actions” is which of the management functions?

a. External awareness b. Planning c. Representation d. Coordination

Business