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A Decision Bias Is an Inherent Tendency That Leads to Incorrect

Question 95

Multiple Choice

A decision bias is an inherent tendency that leads to incorrect decisions. An example of a decision bias is failure to:


A) Consider all relevant costs.
B) Properly identify sunk costs as irrelevant.
C) Consider opportunity costs.
D) Adjust for the time value of money.
E) Consider legal constraints associated with the pricing decision.

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