Jason Fills Out an Application for College with the Grades

question 59

Multiple Choice

Jason fills out an application for college with the grades he remembered getting throughout high school. While reviewing the application with a guidance counselor, the counselor points out that Jason seems to have inflated a few of his lower grades. Which of the following is the most likely explanation for Jason's behavior?

• A) Jason is displaying the reminiscence peak characteristic of autobiographical memories.
• B) Jason fell prey to the tendency to revise personal histories to suit his current self-image.
• C) Jason relied on introspection and consequently impaired his self-knowledge of his grades.
• D) Jason was affected by the impact bias, which skewed his memory of his grades.

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Definitions:

Direct Materials Price Variance

It represents the difference between the actual cost and the standard cost of direct materials used in the production process.

Standard Cost

A predetermined cost of manufacturing, which is often used for budgeting and measuring performance.

Purchase Price Variances

The difference between the actual cost of purchased inventory and its standard or expected cost.

Currently Attainable Standard

This refers to a standard or benchmark that can be achieved under current operating conditions with reasonable efficiency.