The________ Heuristic Is the Tendency to Remember Successful Events as Being

question 32

Short Answer

The________ heuristic is the tendency to remember successful events as being the result of the decisions one made and actions that one took and past failures as having resulted from bad luck or someone else's mistakes.

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Definitions:

Debit

An accounting entry that results in either an increase in assets or expenses or a decrease in liabilities, equity, or income.

Credit

The provision of resources (like money) by one party to another, where repayment is expected in the future, often with interest.

Journal Entries

Records of financial transactions in the double-entry bookkeeping system, noting debits and credits for each transaction.

Posting

The process of recording financial transactions in the ledger of an accounting system.