Which of the Following Statements About Changing the Session Date

question 37

Multiple Choice

Which of the following statements about changing the session date for a new fiscal period is not true?

• A) you should make the date change in two steps
• B) you must choose the first date of the new fiscal period as the new session date
• C) you must set the new fiscal end period before the session date
• D) you must not choose a fiscal end date earlier than the session date

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Definitions:

Fairness Concerns

Issues or discussions surrounding the equitable treatment, distribution of resources or opportunities, and justice in societal, economic, or individual contexts.

Subjective

Subjective pertains to personal opinions, feelings, or tastes, as opposed to objective facts or universal truths.

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.

Framing Effects

In prospect theory, changes in people’s decision making caused by new information that alters the context, or “frame of reference,” that they use to judge whether options are viewed as gains or losses relative to the status quo.