Whirlwind financial corporation sends its executives to a resort in mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. many of its competitors are doing the same thing. one of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies. true / false.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answerthe above statement is (true);