Question
10. What type of bias is most associated with upper management individuals committing financial reporting fraud? Select an answer: blindspot bias hindsight bias overconfidence bias
10. What type of bias is most associated with upper management individuals committing financial reporting fraud?
Select an answer:
blindspot bias
hindsight bias
overconfidence bias
11. What does the International Code of Ethics for Professional Accountants say about bias?
Select an answer:
Accountants should disclose their personal biases to the clients and companies they are auditing.
Accountants should identify their biases and assess how their biases might impact their professional judgment.
Accountants should make every effort to change their mindsets so they do not have any conscious or unconscious biases.
12. Keisha uses a review site to find a restaurant. Taste of Thailand has the highest rating. Is there anything Keisha should consider before making a reservation if she does not like Thai food?
Select an answer:
Other restaurants may be a percent or two below in rating and she will likely have an equally enjoyable experience at one of them.
Taste of Thailand's highest rating probably includes other people who thought they did not like Thai food but changed their minds.
The restaurant review site might list customer reviews that are biased toward Asian cuisines.
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