Recall from Your Text That Researchers Gave Students False Feedback

question 128

Multiple Choice

Recall from your text that researchers gave students false feedback about their abilities to distinguish between false and real documents. At the conclusion of the study, the researchers informed the students that their feedback was in no way related to their actual performance. However, on a subsequent task where the students had to estimate their performance on a similar task, they used this false feedback to guide their estimates. This is an example of

• A) belief perseverance.
• B) overconfidence.
• C) confirmation bias.
• D) the hindsight bias.

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Definitions:

Periodic Inventory System

An inventory system where updates to inventory levels are made on a periodic basis rather than continuously.

Cost of Goods Sold

Cost of Goods Sold (COGS) refers to the direct costs attributable to the production of the goods sold by a company, including materials and labor.

Purchases

The total amount of goods and materials acquired by a business for the purpose of resale or production during a specific accounting period.

Cost of Goods Sold

The costs directly linked to producing a company’s sold goods, encompassing labor and materials.