Which of the Following Is Reflected by Estimates of the Probability

question 64

Multiple Choice

Which of the following is reflected by estimates of the probability that an event will happen based on the ease with which one can recall previous instances of this event?

• A) the base-rate fallacy
• B) the fundamental attribution error
• C) the two-step attribution process
• D) the availability heuristic

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Definitions:

Employer-provided Vehicle

An employer-provided vehicle is a car or other vehicle that a company provides to its employees for their use, often as part of their compensation or benefits package.

Accrual Basis of Accounting

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.

Cash Receipts and Disbursements

An accounting method that tracks the actual cash flow, recording revenues when received and expenses when paid.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them ownership interest.