When Asked Who Chloe Thinks Will Win the Next Presidential

question 100

Multiple Choice

When asked who Chloe thinks will win the next presidential election,she replies that she does not know.However,after the election results are declared,she claims that it was obvious all along who the winner of the election will be.In the context of social psychology,this scenario illustrates:

• A)distinction bias.
• B)automation bias.
• C)optimism bias.
• D)hindsight bias.

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Definitions:

Related Expense

An expense that is directly connected to a specific business activity or department within a company.

Equity in Subsidiary Earnings

The share of earnings attributed to the parent company from its ownership interest in a subsidiary.

Equity Method

An accounting method used to record investments in associate companies where the investor has significant influence but not full control, typically 20%-50% ownership. The investor's share of the investee's net income or loss is reflected in the investor's financial statements.