One Explanation for the Primacy Effect Is That

question 122

Multiple Choice

One explanation for the primacy effect is that

• A)information obtained early is usually more important than information obtained later.
• B)people tend to pay closer attention to central trait information.
• C)the meaning of information obtained later is often altered to fit with earlier impressions.
• D)people tend to seek out the most reliable sources of information earlier.

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Definitions:

Accounting Profits

The net income for a company as calculated through the standard accounting principles, reflecting revenues minus costs and expenses.

Savings Account

A bank account that earns interest on the deposited funds, offering a safe way to save money for future use.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.