Answer: Cognitive Bias, Availability Heuristic.
Explanation:
A cognitive bias is a pattern of thought goofs in which a person perceive and evaluate information influenced by the context and framing of such information.
Availability Heuristic is a Cognitive Bias in which people use recent examples in order to evaluate decisions, topic or concepts.
In this case Richard is subject to this cognitive bias in the sense that he is confirming his belief that there are fewer cars on the road just because that's the most recent information he has.
In conclusion, when people
Answer:
Data can prove just about anything. Most organizations want to come to the right decisions, but faulty conclusions and bad outcomes can happen.
If the Ferrets should go ahead to sign the young players they would be making a trade off between the superstar that can win the league and the 3 players.
<h3>What is a trade-off?</h3>
A trade off can be described to be the sacrifices that are made when a person decides to forego buying a good in order to purchase another good.
The team here would be foregoing having a superstar that can help them win the league for the three players that they went on to sign.
Read more on tradeoffs here:
brainly.com/question/13760478
Answer:
Direct investment
Explanation:
Direct investment means investment made by a company in some other country that is not the native, to acquire the physical assets in the country or to develop the ownership of the company in the region.
Here the Boson corp has bought a land i.e the physical asset in South Asian country (i.e in a country where is not based ) to expand its business.
Hence, the company is involved in direct investment.
A. Even simple things can have a great purpose