The False Consensus Effect Refers to the Tendency for People

question 13

Multiple Choice

The false consensus effect refers to the tendency for people to ____.

• A)overestimate the number of people who agree with them
• B)underestimate the number of people who agree with them
• C)rely too heavily on the primacy effect
• D)not rely heavily enough on the primacy effect

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Definitions:

Partnership

A formally established way of running a business by two or more participants who equally handle the administration and profit-sharing.

Amount Debited

The total sum that has been recorded on the debit side of a company's accounts, reflecting an increase in assets or expenses, or a decrease in liabilities or equity.

Goodwill Method

The goodwill method involves assigning a value to the intangible benefits or assets of a company, like brand reputation, during an acquisition or merger.

Capital Balances

The amount of money that owners have invested in an entity, plus any retained earnings or subtracted losses.