What Is One Likely Undesirable Consequence of Foregoing Accuracy in Favour

question 134

Multiple Choice

What is one likely undesirable consequence of foregoing accuracy in favour of justifying our past behaviours? Justifying past behaviour can

• A)decrease our self-esteem.
• B)decrease the probability of learning from past experiences.
• C)decrease our self-worth.
• D)cause us to totally distort reality.
• E)decrease our self-confidence in social situations.

---

Definitions:

Budgeting

The process of creating a plan to spend your money, outlining future financial goals and how resources will be allocated to achieve them.

Differential Costs

The difference in total cost that will result from selecting one alternative over another.

Variable

A quantity or element that is subject to change, often used in mathematical equations or experiments to represent changeable factors.

Contribution Format

A type of income statement where costs are segregated into variable and fixed categories, emphasizing cost behavior and contribution margin.