After Graduating from University, You Are Planning to Get a Job

question 115

Multiple Choice

After graduating from university, you are planning to get a job as an accountant.Your best friend Jay is planning on opening his own restaurant.He says he has thought a great deal about this and believes he will be very successful and it is a good decision.You explain to him that most new restaurants fail, but it does not factor into Jay's decision.What does this demonstrate?

• A)Base rates
• B)Anchoring effect
• C)Perceptual defence
• D)Sunk costs
• E)Hindsight

---

Definitions:

Supreme Court

The highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases involving matters of federal law.

Fugitive Slaves

African American slaves who escaped from slavery in the Southern United States to the North or to Canada, where slavery was illegal, before the Civil War.

Self-Referent Encoding

The process of relating new information to oneself, which enhances memory and recall of the information.

Semantic Encoding

The process of encoding information according to its meaning, allowing for deeper processing and better memory retention.