Encouraging People to Elaborate on Why Their Own Personal Views

question 20

Multiple Choice

Encouraging people to elaborate on why their own personal views on an issue are correct is most likely to promote

• A) mental set.
• B) heuristics.
• C) framing.
• D) belief perseverance.

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Definitions:

60-Day Note

Definition: A financial instrument, or promissory note, that requires the borrower to pay back the principal balance along with any interest in 60 days.

Maturity Value

The total amount payable to an investor at the end of a debt security's life, including both the principal and any accrued interest.

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Uncollectible Account

A receivable owed to a company that is considered unlikley to be paid and is written off as a loss.