Which phenomenon holds that people seek out messages they agree with and avoid messages they disagree with?

A major purpose of a pro-forma earnings statement is to exclude

a. salaries paid to non-productive employees. b. kickbacks paid to the company by large customers c. one-time charges not related to future earnings. d. operating costs.

Knox, president of Quick Corp., contracted with Tine Office Supplies, Inc., to supply Quick's stationery on customary terms and at a cost less than that charged by any other supplier. Knox later informed Quick's board of directors that Knox was a majority shareholder in Tine. Quick's contract with Tine is

A. Void because of Knox's self-dealing. B. Void because the disclosure was made after execution of the contract. C. Valid because of Knox's full disclosure. D. Valid because the contract is fair to Quick.