Which of the Following Statements Regarding Hindsight Bias Is LEAST

question 164

Multiple Choice

Which of the following statements regarding hindsight bias is LEAST accurate? ​

• A)Hindsight bias occurs in many different settings.
• B)Hindsight bias appears to be pervasive in everyday analyses of personality.
• C)Hindsight bias is generally restricted to thinking about issues related to personality.
• D)The notion of hindsight bias has been raised in criticisms of psychoanalytic theory.

---

Definitions:

Subsidiary Ledger

A detailed ledger that supplements a general ledger by providing detailed information for individual accounts, such as accounts payable or receivable.

Overapplied Overhead

A situation where the allocated manufacturing overhead cost for a period exceeds the actual overhead costs incurred, leading to a favorable variance.

Applied Overhead

The allocation of overhead costs to specific cost objects, such as products or jobs, based on a predetermined rate or method.

Actual Overhead

The real costs incurred by a business for its overhead during a specific period, not estimated.