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SIZIF [17.4K]
3 years ago
15

In a recent meeting at​ work, Nick was asked to deliver the sales projections for the next month. Wanting to leave some room for

​ error, Nick stated he was 90 percent sure that they could meet the stated sales target for the following month. Nick is exhibiting​ ___________ bias.
A. confirmation
B. escalation of commitment
C. anchor
D. overconfidence
E. availability
Business
1 answer:
Savatey [412]3 years ago
6 0

Answer:

D. Over Confidence

Explanation:

Overconfidence bias occurs when an individual has more confidence than necessary given the fact. It is the tendency to hold a false and misleading assessments of our skills, intellect, or talent. It is an egoistic belief an individual expresses thinking he's better than he actually is. It's a false sense of their skill or self belief. Areas it's usually expressed is in timing optimism, like the one stated in the question, illusions of control and desirability effects.

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What are the portfolio weights for a portfolio that has 138 shares of Stock A that sell for $48 per share and 118 shares of Stoc
Vika [28.1K]

Explanation:

The portfolio weight of an asset is the total investment in that asset divided by the total portfolio value. First, we will find the portfolio value, which is:

Total value = 122($32) + 102($22) = $6,148

The portfolio weight for each stock is:

WeightA = 122($32) / $6,148 = .6350

WeightB = 102($22) / $6,148 = .3650

7 0
3 years ago
When choosing a savings account to open, you should look for:
Damm [24]

Answer: A higher interest rate.

Explanation: Most savings accounts do not have a high interest rate at the moment.

6 0
2 years ago
Natural gas is often priced in units of dollars per therm. One therm equals 100,000 BTUs . A certain family uses 600 therms of e
ololo11 [35]

Answer:

-$28.8.

Explanation:

Note, we were told,

  • to assume the cost of a therm is $0.30
  • the family uses 600 therms of energy annually.

<u>Savings on old furnace:</u>

  • 600 * $0.30 * 0.80 (or written as 80%) = $144

<u>Savings on new furnace:</u>

  • 600 * $0.30 * 0.96 (or written as 96%) = $172.8

Difference: $144 - $172.8 = -$28.8.

7 0
2 years ago
Conducting a(n) __________ of the disaster recovery documentation for accuracy should be a standard practice for the organizatio
erica [24]

Answer:

Revision/Review

Explanation:

DRP is a key procedure in every company so the documentation must be reviewed usually and updated accordignly.

4 0
3 years ago
On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai
Sati [7]

Answer:

Balance = $1,650

Explanation:

As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows

Adjusting entry at the end of June would be

                             DEBIT       CREDIT

Entry

Rent Expense     $550

Prepaid Rent                         $550

The balance on Norma's prepaid expense would be

Prepaid Rent  = $2200

Rent Expense = ($550)

Balance = $1,650

7 0
3 years ago
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