When Gene Is at a Convenience Store, He Witnesses a Robbery

question 97

Multiple Choice

When Gene is at a convenience store, he witnesses a robbery and hides behind a large display to avoid being victimized. Later he tells the police that he thinks that an African American woman was the culprit, and he points to the woman talking to a police officer on the other side of the parking lot. He doesn't realize that she actually owns the store and was working stocking a shelf near where the robbery occurred. Gene's memory that the woman was there but failure to recognize the circumstances under which he saw her is called the ____ bias.

• A) familiarity-induced
• B) ultimate attribution
• C) Nullification
• D) Availability

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Definitions:

Accounts Payable

The amount of money a company owes to its suppliers or creditors for goods or services received.

Current Assets

Assets that a company expects to convert into cash, sell, or consume within one year or the business cycle, whichever is longer.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the ownership stake of shareholders.

Working Capital

The discrepancy between a company's immediate assets and its short-term obligations, revealing the available liquidity for operating activities.