Describe one type of cognitive bias (one or two sentences).
Provide at least one specific example of how this type of bias
could lead to suboptimal accounting decision making.
What type of bias is indicated by each of the following? If
there is not bias, then put down 'no bias'.
a Portions of the population are excluded from the sample.
b Information from the sample is typical of information in the
population.
c Information from the sample overemphasizes a particular
stratum of the population
d Those responding to a survey or poll differ systematically
from the nonrespondents.
16. Name three of the four parts of the axial skeleton.
17. Name one type of moveable joint and give an example of where it
is found.
18. Name the type of bone tissue that protects against jolts and
bumps.
19. How does the skeletal system help maintain calcium levels in
the blood?
20. What is the process that forms new bone called? What role
does the process
play in an adult whose bones have stopped growing?
Below are five statements. Indicate
which type of cognitive bias is present in each situation.
(a) Mark, a financial
advisor, suggested many clients purchase stock in a new technology
company. When the stock price fell dramatically, Mark proclaimed he
saw the fall coming.
(b) Kelly begins buying lottery
tickets at a local convenience store that recently sold a
million-dollar ticket.
(c) Suzie failed her
mathematics exam. Despite the fact that she was unprepared for the
exam, she blamed the instructor....
The following passage contains an argument that commits at least
one informal fallacy. Name the type of fallacy committed and
explain why the passage is an example of that type.
That biscotti ought to be good—I used only the best ingredients in
it.
For each of the following experiments, cite at least one
example from each of the four kinds of systematic errors that could
affect the experiment:
to. A sphere that rolls on an inclined plane, and for which
the distance and time spent traveling it are measured.
yes. A simple pendulum used to measure the acceleration of
gravity.