Which of the Following Statements Is Correct

question 160

Multiple Choice

Which of the following statements is correct?

• A) Errors can only occur in a perpetual inventory system.
• B) Errors can only occur in a periodic inventory system.
• C) Errors can occur either in a perpetual or periodic inventory system.
• D) Errors will not occur if you are using a perpetual inventory system.

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Definitions:

Explicit Bias

Refers to the attitudes and beliefs we have about a person or group on a conscious level.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those of other groups.

Ingroup Bias

The tendency for people to give preferential treatment to others they perceive to be members of their own groups.

Just-world Phenomenon

The cognitive bias to believe that the world is inherently fair and that all individuals get what they deserve, leading to rationalizations of injustice.