1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slava [35]
2 years ago
14

When people seek information to support their point of view and discount data that do not, they are subject to ______ bias. For

example, Joe uses the fact that his commute is now shorter to confirm his belief that there are fewer cars on the road. However, Joe is not accounting for the fact that he recently took over the graveyard shift, and that traffic is always lighter at night and in the wee hours of the morning.
Business
1 answer:
alisha [4.7K]2 years ago
5 0

Answer:

Confirmation bias.

Explanation:

Confirmation bias is defined as the tendency for an individual to recall and favour information that confirms one's previous beliefs or hypothesis. It is a form of cognitive bias.

In the given example Joe only accepted information that would confirm his belief that there are fewer cars on the road (that is his commute is now shorter).

He however rejected the information that he now works the night shift, a period when traffic is low.

You might be interested in
A stamping machine begins turning out components that are out of tolerance. the manager removes the machine from service to ensu
fredd [130]

In this question, this is an example of immediate corrective action.

 

<span>Immediate corrective action is having a solution to the problem right away. This shows that the manager provides action on the spot in the situation/problem. This type of corrective action lacks sustainability and the duration of the solution is not think through.</span>

6 0
3 years ago
Charging high prices to earn large profits during a time when there is little competitionrepresents a ________ strategy:________
Usimov [2.4K]

Answer:

Skimming

Explanation:

Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.

Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.

6 0
3 years ago
Read 2 more answers
At the close of its first year of operations, December 31, 2010, Ming Company had accounts receivable of $540,000, after deducti
masha68 [24]

Answer:

The company report on its balance sheet at December 31, 2010, as accounts receivable before the allowance for doubtful account is $590,000

Explanation:

The computation of the accounts receivable before the allowance is shown below:

= Beginning account receivable balance + bad debt expense -  uncollectible accounts receivable

= $540,000 + $90,000 - $40,000

= $590,000

The bad debt is an expense so it will be added whereas the account receivable which is not yet collected should be deducted in the computation part.  

4 0
2 years ago
10) Financial intermediaries can substantially reduce transaction costs per dollar of transactions
goblinko [34]

Answer: D) economies of scale.

Explanation:

Economies of scale refers to when an entity is able to reduce its total costs as quantities of the good causing the costs increase.

Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.

7 0
3 years ago
What is the difference between an internal obstacle and an external obstacle to time management?
wolverine [178]

Internal obstacle can rise from within the organization causing problems while external obstacle is from outside

3 0
3 years ago
Other questions:
  • Suppose that a recent purchase of a residential home has been facilitated equally by a listing agent and a buyer broker. Based o
    5·1 answer
  • Head-First Company plans to sell 5,100 bicycle helmets at $72 each in the coming year. Variable cost is 62% of the sales price;
    14·1 answer
  • Coffee and tea are substitutes for consumers. An increase in the price of coffee coupled with an increase in the number of tea g
    6·1 answer
  • You must evaluate a proposal to buy a new milling machine. The base price is $120,000, and shipping and installation costs would
    14·1 answer
  • What does the E in the personality type abreviations stand for
    5·1 answer
  • A​ monopoly's cost function is CQ and its the demand for its product is pQ where Q is​ output, p is​ price, and C is the total c
    7·1 answer
  • A company has designed a new product and tested the prototype. what is the next step in product development?
    8·1 answer
  • Valcarcel Corporation manufactures and sells one product. The following information pertains to the company’s first year of oper
    9·1 answer
  • a marketer must understand potential buyers’ needs and wants to be able to address and satisfy them. there are two key questions
    12·1 answer
  • An expense account normally has a ___________ balance.<br><br> A. Debit<br> B. Credit
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!