While Waiting to Cross the Street,you Witness a Man Ignoring

question 60

Multiple Choice

While waiting to cross the street,you witness a man ignoring the red signal and causing an accident.Then,the man who caused the accident gets out of his car to talk to you.He tells you that the signal was yellow when he tried crossing the street.Later,you tell the police that you remember the signal being yellow,not red,when the man tried crossing the intersection.This scenario illustrates:

• A)the priming effect.
• B)the confirmation bias.
• C)belief perseverance.
• D)the misinformation effect.

---

Definitions:

Mixed Cost

An expense that contains both fixed and variable components, changing in total with the level of activity though containing a constant element.

Fixed Cost

Expenses that do not change in total with changes in the level of output or activity within a certain range.

Sales Volume

Refers to the total number of products a business sells over a specific time period, critical for assessing market performance.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor directly involved in manufacturing.