Question: QUESTION 7 Below are examples of cognitive limitations. Please match the type of cognitive limitation to each example. Accounting fraud often begins with fudging small

QUESTION 7 Below are examples of cognitive

QUESTION 7 Below are examples of cognitive limitations. Please match the type of cognitive limitation to each example. Accounting fraud often begins with fudging small numbers and then grows into a larger and larger form of fraud. Doctors believe that their personal prescription practices are not influenced by the gifts received from pharmaceutical companies Even though the Pinto automobile flunked almost every safety test, Ford moved forward and put it on the market in 1971. Ford was motivated by immediate gains of competiting with a foreign motor company and overlooked the long-term potential for a negative public relations crisis In 2014, General Motors experienced a scandal when it refused to recall cars with a faulty ignition switch. The company continued to deny the problem, even in the face of evidence, to avoid the loss (financial and reputational) of a massive recall. A daycare center started charging a late fine for parents who arrive late to pick up children. The way that a business practice or experience is presented will impact behaviors. The daycare's purpose was to end late arrivals because it was not fair or ethical to the employees. The purpose of the fine was not explained to parents. Parents viewed the fine as an alternative business option for arriving late. "It is okay/ethical to arrive late so long as I pay my fine." It is important to frame issues from an ethical perspective if we want to encourage ethical behavior. A. Tangible & Abstract B. Self-Serving Bias C. Framing D. Incrementalism E. Loss Aversion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!