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KatRina [158]
4 years ago
12

A group of executives attended a meeting in which the CFO was the attendee with the most senior ranking. When the meeting began,

the CFO offered his views on the matter at hand, and the other meeting attendees expressed agreement with his approach. This scenario could be an example of which type of bias?Anchoring and adjustment biasHindsight biasGroup think biasConfirmation biasAvailability bias
Business
1 answer:
givi [52]4 years ago
7 0

Answer:

Group think bias

Explanation:

Groupthink bias occurs when people believe in something because other people believe in it. It is when everyone comes to the same conclusion concerning a matter.

In the meeting everyone agreed with the CEO, this is an instance of groupthink.

Anchoring bias is when a person's decision is overly anchored on an initial information given when making a decision.

Confirmation bias is when a person arrives at a conclusion in line with their beliefs.

Availability bias is basing decisions on past instances that comes to mind when making the decision.

Hindsight bias occurs when people over estimate their abilities to predict how an event would have turned out in hindsight.

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An accrediting agency’s published rules, which serve as the basis for comparative assessment during the review or survey process
valentinak56 [21]

For a health profession, the term "accreditation standard" refers to a standard used to determine whether a program of study and the educational institution that offers it equips graduates with the knowledge, abilities, and professional qualities required to practice their profession in Australia.

<h3>What do the accreditation standards serve?</h3>

Higher education accreditation is a collaborative process based on peer and self-evaluation. Its goal is to raise academic standards and public accountability. This ongoing quality control process is often carried out every five to ten years.

A school, postsecondary institution, or program offering is accredited when it has received initial and ongoing confirmation that it satisfies the requirements set by a nationally recognized accrediting agency for membership in the association.

For more information about accreditation standards refer to the link:

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6 0
2 years ago
Carolyn McGee wants to get into fashion merchandising. Because of the risks involved in high fashion, and how quickly fashions g
leva [86]

Answer:

c) merchant wholesaler

Explanation:

A  merchant wholesaler is a business unit that buys merchandise in bulk from manufacturers and resells to retailers in smaller quantities. The wholesale business has profit motives. It forms a link between manufacturers and retailers.

Unlike agents and brokers, merchant wholesalers take ownership of the goods they buy.  Carolyne should avoid becoming a merchant wholesaler. As a wholesaler, she will own all the merchandise she purchases. She can choose to be either an agent or broker as these do not take title to the merchandise.  

7 0
4 years ago
When the effective-interest method of bond discount amortization is used,
SSSSS [86.1K]

Answer: C. interest expense will not be a constant dollar amount over the life of the bond.

Explanation:

When a bond is sold at a discount, the discount will have to be amortized over the life of the bond to ensure that it reaches par at maturity.

As a result, the interest expense will be based on a larger figure every year which would mean that it would have to be larger each time. t will therefore not be a constant dollar amount over the life of the bond.

6 0
3 years ago
Why is it important for a nail care provider to learn and understand the structure and function of the nails?
melomori [17]

Answer:

Learning to know and recognize the Anatomy of the Nail is very important, whether for those who work in the Nails sector and every day must take care (even if only Aesthetically) of the Nails of their Customers, and for those who are simply passionate to the topic or prefer to independently take care of their Hands and Feet!

Explanation:

3 0
3 years ago
To form a corporation, the organizers must follow the requirements set forth by the corporation code of the state in which the c
Fantom [35]

Answer: Incorporating a corporation

Explanation:

According to the question, the given process is known as incorporating the corporation. As, the incorporation is one of the type of legal process in which the organization are used the various types of corporate entities to form a corporation.

The corporation is the type of legal entity in an organization which results into the separation of investors and the owner.

According to the question, the organizers uses the proper requirement with the help of corporation code to form a proper corporation.

8 0
3 years ago
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