Brian Does Not Prepare Well for an Upcoming Psychology Exam

question 38

Multiple Choice

Brian does not prepare well for an upcoming psychology exam.He is religious and prays regularly before the exam to score well.When he scores more than he expected,he assumes that he did well because he prayed.In the context of social thinking,this scenario illustrates the:

• A)principle of simplicity.
• B)illusion of control.
• C)representative heuristic.
• D)gambler's fallacy.

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Definitions:

Half-Year Convention

An accounting method used for depreciating assets by which all assets acquired during the year are considered to have been acquired at the midpoint of the fiscal year, affecting the depreciation calculation.

Capital Budgeting Process

The procedure businesses follow to evaluate potential major projects or investments, through stages from proposal generation to project approval.

Favorably Biased

A tendency to present information in a manner that is more positive or beneficial than is justified by the facts.

Annual Depreciation Expense

The portion of the cost of a fixed asset that is expensed each year of its useful life, representing wear and tear, decay, or decrease in value.