What vicious cycle occurs when negotiators are affected by the self-reinforcing incompetence
bias?
A) Negotiators get stuck in a cycle of settling for something less that they could have
otherwise negotiated and then feeling animosity towards the other negotiating party.
B) Negotiators are so self-focused that they are unable to empathize with the other party's
interests or goals.
C) People are unaware of their own incompetence, and this lack of skill deprives negotiators
of both the ability and the expertise to know they are not producing correct responses.
D) Negotiators focus on the values that are personally important to them but neglect to
investigate the values that are unimportant to them, thus limiting their decision-making
abilities.
C
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The purpose of the "floor" in lower-of-cost-or-market considerations is to avoid overstating inventory.
a. true b. false
Assuming that the firm can either hold cash paying no interest or invest in marketable securities, which of the following might induce the manager to hold higher cash balances?
A) bank interest rates are expected to increase B) future cash flows are relatively predictable C) the cost of cash balances is relatively high D) the cost of borrowing is high relative to interest rates on marketable securities