Examlex
There are five key working areas in accounting: financial accounting, managerial accounting, auditing, tax accounting, and government and not-for-profit accounting.
Adjustment Bias
A cognitive bias that affects the decision-making process, leading individuals to make decisions based on adjustments from a reference point.
Lack-of-participation Error
Describes a situation where the absence of employee involvement in decision-making leads to decreased morale, motivation, and potentially suboptimal outcomes.
Confirmation Error
A bias in decision-making where individuals favor information that confirms their pre-existing beliefs or hypotheses.
Confirmation Error
A cognitive bias that involves favoring information that confirms pre-existing beliefs or values, while disregarding evidence that contradicts them.
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