The Tendency to Process Information to Conform to What We

question 107

Multiple Choice

The tendency to process information to conform to what we desire and expect is referred to as:

• A)confirmation bias.
• B)causal attribution.
• C)demand characteristics.
• D)an interaction.

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Definitions:

Ordinary Annuity

An Ordinary Annuity is a series of equal payments made at the end of consecutive periods over a fixed length of time.

Accounting Principle

Fundamental concepts or guidelines that govern the field of accounting and instruct how financial transactions should be recorded and reported.

Accounting Estimate

An approximation of a financial amount in the absence of precise data or measurements.

Reporting Entity

A business or organization that is required to prepare financial statements.