________ Refers to the Tendency of People to Associate Two

question 56

Multiple Choice

________ refers to the tendency of people to associate two events when in reality there is no connection.

• A)Affect intensity
• B)Focusing effect
• C)Distinction bias
• D)Omission bias
• E)Illusory correlation

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Definitions:

Activity Level

A measure of the volume of production or services that determines the amount of costs incurred in a business.

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive personnel, accounting, and human resources.

Activity Variance

The difference between the budgeted amount of activity and the actual activity level.

Tenant-Days

A metric used in property management to calculate the total days that units were occupied by tenants over a period.