Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Several years ago, Donielle invested in Best Threads, a women's upscale apparel company, when she learned that the company was no longer charging customers for

Several years ago, Donielle invested in Best Threads, a women's upscale apparel company, when she learned that the company was no longer charging customers for custom alterations. At the time, Best Threads was the only company in the fashion industry doing this, and the price of Donielle's stock rose. Last month, however, Donielle found out that Best Threads violated federal labor laws and will likely be fined over $1 million, which will likely result in its stock price falling. Donielle subconsciously weighs the free custom alterations as more important than the significant fine incurred by Best Threads because she does not understand unfair labor practices. Therefore, she does not consider selling her stock in Best Threads. This is an example of which of the following behaviors?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The behavior described in the scenario is an example of cognitive bias known as Confirmation Bias Co... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Materials Management

Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen

8th edition

9386873249, 134156323, 978-9386873248

More Books

Students also viewed these Law questions

Question

why is teamwork so important especially in healthcare? explain

Answered: 1 week ago

Question

understand the matching hypothesis; and

Answered: 1 week ago

Question

describe how imagery works;

Answered: 1 week ago