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7) When you begin your new job, you are soaking in all types of information about your new
work environment: some good, some bad. Mentally, you emphasize the number and importance
of the good aspects and discount those of the bad as you go through your first week. What are
you doing?
A) Managing your impression that you like the job
B) Maintaining a healthy outlook
C) Confirming to yourself that you made the right decision
D) Gathering information about the organization’s culture
8) What is the hindsight bias?
A) Changing viewpoints based on new information but not admitting the change
B) Changing viewpoints based on new information
C) The ability to objectively assess what they should or would have done after the fact (also
known as Monday morning quarterbacking)
D) Only occurs in situations that end in less than optimal outcomes
9) What is the behavioral economics approach?
A) The approach that represents behavior demonstrated when people decide economic problems
B) The approach that investigates why people predictably make irrational decisions
C) The approach that was named after the Nobel prize winning economic developers
D) The approach that measures behaviors economically and attempts to account for the way
people actually make decisions