The Tendency to Imagine Alternative Scenarios and Outcomes That Might

question 90

Multiple Choice

The tendency to imagine alternative scenarios and outcomes that might have happened,but did not,is called:

• A)the base-rate fallacy.
• B)automatic thinking.
• C)the reflective bias.
• D)counterfactual thinking.

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Definitions:

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Salaries and Wages Payable

Salaries and Wages Payable are liabilities on the balance sheet representing amounts owed to employees for work performed but not yet paid.

Mortgage Payable

A long-term liability account that records the amount owed on a property mortgage.

Current Assets

Items on a company's balance sheet anticipated to be cashed in, sold off, or utilized within the longer span of either one year or its operational cycle.