When a Person Remembers or Notices Only Things That Back

question 319

Multiple Choice

When a person remembers or notices only things that back up his or her expectations and forgets or ignores discrepancies, he or she is experiencing

• A)pseudoscience.
• B)confirmation bias.
• C)the introspective dilemma.
• D)uncritical acceptance.

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Definitions:

Fair Value

The compensation received for parting with an asset or the expenditure in transferring a liability within a calm transaction among market actors at the date of assessment.

Consideration Transferred

The total amount of assets or equity instruments that the acquirer gives up to gain control of the acquiree in a business combination.

Acquisition Date

The date on which a buyer obtains control of a target company or asset.

Control

The ability to direct the use of, and obtain substantially all of the remaining benefits from, the asset.