When People Estimate That They Have Encountered More Confirmations of an Association

question 27

Multiple Choice

When people estimate that they have encountered more confirmations of an association between social traits than they have actually seen, they have

• A)created a stereotype.
• B)made an illusory correlation.
• C)made a covariation inference.
• D)created a social schema.

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Definitions:

Stand-Alone Firm

A business that operates independently, without reliance on or integration with other companies.

Corporate Governance

Rules for corporate organization and conduct; rules and practices relating to how corporations are governed by management, directors, and shareholders.

Wholly Owned Subsidiary

A company whose entire stock is held by another company, making it fully controlled by the parent company.

Share Repurchase

A program by which a company buys back its own shares from the marketplace, reducing the amount of outstanding stock while potentially increasing the value of remaining shares.