All of Your Friends Listen to Hard Rock Music More

question 19

Multiple Choice

All of your friends listen to hard rock music more than any other genre. Consequently, you conclude that hard rock music is the most popular genre in the United States. What is the flaw in your reasoning?

• A) Confirmation bias
• B) Availability bias
• C) Predictable-world bias
• D) Parallel processing

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Definitions:

Double-Declining-Balance

An accelerated method of depreciation that doubles the standard depreciation rate, resulting in higher depreciation expenses in the earlier years of an asset's life.

Residual Value

The salvage value of an asset after its period of use has ended, reflecting its remaining worth.

Depreciation Method

A methodical strategy for distributing the expense of a physical asset across its lifespan.

Straight-Line

A method of allocating an asset's cost evenly over its useful life for purposes of depreciation.