People Tend to Interpret New Information in a Way That

question 79

Short Answer

People tend to interpret new information in a way that will support what they already believe.This is called ________.
selective retention
selective distortion
selective attitude
selective learning
selective perception

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a particular period of time, typically expressed as a rate of the principal.

Statement of Cash Flows

A financial document that provides a detailed analysis of a company's cash inflow and outflow over a certain period, showing how the company's cash position changes.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the business's operating cycle, whichever is longer.

Net Working Capital

The gap between a firm's current assets and its current liabilities, showcasing its operational effectiveness and short-term financial stability.