You Have a Tendency to Assume Someone Is Still a Good

question 47

Multiple Choice

You have a tendency to assume someone is still a good friend even after a person acts otherwise. This tendency is known as the

• A) belief perseverance phenomenon.
• B) belief continuity phenomenon.
• C) correspondence bias.
• D) belief disconfirmation bias.

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Definitions:

Raw Material

Basic materials that are used in the production process to create goods or finished products.

Standard Cost

A predetermined cost of manufacturing a single unit or a number of units during a specific time period for budgeting and financial control.

Journalize

The process of recording transactions in the journal of a company, detailing the financial activities.

Manufacturing Overhead Variance

The difference between the actual manufacturing overhead costs incurred and the overhead costs allocated to the production process based on a predetermined rate.