Participants in an Experiment Heard a Description of the Military

question 203

Multiple Choice

Participants in an experiment heard a description of the military conflicts between the British and the Gurkas in India. Some were told the true outcome and others were told false outcomes. Most participants insisted that they would have correctly predicted the outcome that they were told about. This effect is known as

• A) confabulation.
• B) repression.
• C) hindsight bias.
• D) procedural memory.

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Definitions:

Labor

The physical and mental effort expended by individuals in the production of goods and services.

Commodity

Basic goods used in commerce that are interchangeable with other goods of the same type, typically used as inputs in the production of other goods or services.

Strategic Plans

Long-term roadmaps designed by organizations to achieve their major goals and objectives.

Long-term Focus

A strategic perspective prioritizing long-range planning and investment in future outcomes over immediate gains.