Sally Has Done Well in Her Statistics Class So Far

question 12

Multiple Choice

Sally has done well in her statistics class so far this term.Despite her good grades,Sally is worried that she will not do well on her upcoming test.So she studies extra hard.Which of the following best accounts for Sally's study pattern?

• A)defensive pessimism
• B)unrealistic optimism
• C)false uniqueness
• D)false consensus

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Definitions:

Periodic Inventory

An inventory accounting system where the inventory is updated and the cost of goods sold is calculated at the end of a period instead of after each sale.

Inventory Balance

Refers to the total value of all inventory a business has in stock at a specific point in time, including raw materials, work-in-progress, and finished goods.

Replacement Cost

The amount required to replace an asset at current prices, ensuring similar functionality or capacity.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a certain period, indicating the efficiency of inventory management.