The Concept of Overconfidence Is Most Closely Associated with Which

question 144

Multiple Choice

The concept of overconfidence is most closely associated with which of the following concepts?

• A) confirmation bias
• B) the availability heuristic
• C) a mental set
• D) functional fixedness

---

Definitions:

Not-for-profit Organization

An entity that operates for purposes other than generating profit for owners or shareholders, focusing instead on a mission or specific group of people.

Equity Method

An accounting approach used for recording investments in associate companies where the investment is initially recognized at cost and adjusted thereafter for the post-acquisition change in the investor's share of the net assets of the investee.

Profit-Oriented Entity

A business whose primary goal is to generate profits rather than focusing on other goals such as social impact or environmental sustainability.

Fair Value

The financial return from disposing of an asset or expense of transferring a liability in a systematic transaction with market entities at the point of measurement.