Which of the following would not be classified as a capital expenditure for decision-making purposes?
A) purchase of a building
B) investment in a management training program
C) purchase of 90-day Treasury bills
D) development of a major advertising campaign
C
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Complete the following table. Identify which cognitive bias is represented in each example
Example Cognitive Bias Wolf Co. is looking to purchase a new computer. The manager noticed one model that advertised free maintenance for one year. He appears to be more focused on the free maintenance than the specs of the model. Sydney, Inc. needs new copiers. The manager was asked to research the latest models, but instead purchased the same model as they did last year. S & C Company needs to upgrade the office computers. The salesperson demonstrated how Brand A (which the staff prefer) will run all the required software and provide increased functionality. However, the manager in charge of decision making for the purchase prefers Brand B — and only 'listened' to the presentation to be polite. What will be an ideal response?
True or False: The answer to the question "What is your favorite color?" is an example of an ordinal scaled variable
Indicate whether the statement is true or false