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KatRina [158]
3 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]3 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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Frank, the CEO of an American production company, negotiated an opportunity with a television provider in India. After the negot
In-s [12.5K]

Answer:

The contract would be described as <em>International Contract.</em>

Explanation:

<em>International Contracts: </em>International contracts refers to a legally binding agreement between parties based in different countries, in which they are obligated to do or not do certain things. International contracts may be written in a formal way such as the example of Frank contracting an Indian television provider.

Consequently, Frank and the Indian television provider having entered into a contract, are governed by international contract law unless they agree to abide by the laws of one of the US and India.

Moreover, <em>International sales contracts </em>are governed by the <em>United Nations Convention on Contracts for the International Sale of Goods (CISG) from 1980.</em>

8 0
3 years ago
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Any ideas on a gum packaging to send the gum to customers
Allisa [31]

Answer:

Grab some paper and wrap it around unchewed gum and do that for the amount of gum you want, Then put it in a small box.

3 0
3 years ago
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The following items are taken from the financial statements of Cullumber Company for 2022:
Doss [256]

Answer:

                                          Cullumber Company

                                          Balance Sheet

                                          As at 2022

Explanation:                      Amount in $

Current Assets

Accounts Receivable           12,500

Cash                                      13,000

Prepaid Insurance                  6,600

Supplies                                  4,600

Total Current Assets            36,700

Non-Current Assets

Equipment (225,000-36,900)  188,100

Total Assets                            <u>  </u><u>224,800</u>

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable                10,600

Notes Payable                      65,000

Salaries Payable                      3,900

Total Current Liabilities           79,500

Equity

Common Stocks                      97,000

Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700)                                          64,300  

Dividends                                   (16,000)

 Total Equity                              145,300

Total Liabilities & shareholders' equity    <u>224,800</u>  

4 0
3 years ago
Broker Barb takes out a two-page color full-page ad in the weekend paper of her listed properties. What form of advertisement is
romanna [79]

It is the form of product advertisement.

<h3>What is a product advertisement?</h3>
  • Product advertising promotes a specific product of a brand rather than the brand itself.
  • These advertising emphasize product characteristics and benefits rather than brand reputation or brand awareness.
  • Direct mail, comparative, cooperative, informational, and outdoor advertising are some kinds of product advertising.
  • Television, radio, print, websites, social media, outdoor/billboards, and digital placement are all examples of advertising channels.
  • Broker Barb advertises her listed homes in the weekend paper with a two-page color full-page ad, which is also a type of product advertising.

Therefore, in the given situation it is the form of product advertisement.

Know more about product advertisements here:

brainly.com/question/1658517

#SPJ4

7 0
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The act of starting and creating a business on one's own is called?​
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Answer:

The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

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