Jason Fills Out an Application for College with the Grades

question 59

Multiple Choice

Jason fills out an application for college with the grades he remembered getting throughout high school. While reviewing the application with a guidance counselor, the counselor points out that Jason seems to have inflated a few of his lower grades. Which of the following is the most likely explanation for Jason's behavior?

• A) Jason is displaying the reminiscence peak characteristic of autobiographical memories.
• B) Jason fell prey to the tendency to revise personal histories to suit his current self-image.
• C) Jason relied on introspection and consequently impaired his self-knowledge of his grades.
• D) Jason was affected by the impact bias, which skewed his memory of his grades.

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Definitions:

Float Cost Impact

The effect of delayed checks or securities settlements on the use of funds, which can affect a company's cash flow.

Target Cash Balance

The optimal level of cash a company aims to maintain to manage daily operations and accommodate unexpected expenses or investment opportunities.

Cash Flow Uncertainty

The unpredictability regarding the amounts and timing of cash flows into or out of a business.

Marketable Securities

Short-term financial instruments that are easily convertible into cash, such as government bonds or certificates of deposit.