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:

Par Value

A nominal or face value assigned to a share of stock by the issuing company, which has legal and accounting implications but often little relation to the market value.

Consolidated Receivables

Consolidated receivables refer to the total amount owed to a company by its customers, after combining the amounts across different divisions or subsidiaries.

Inventory

Inventory refers to the goods and materials that a business holds for the purpose of resale or production, classified as current assets on the balance sheet.

Common Stock

An equity investment representing ownership in a company; holders typically have voting rights and may receive dividends.