The Tendency to Seek Out and Pay Attention Only to Information

question 74

Multiple Choice

The tendency to seek out and pay attention only to information that confirms preexisting beliefs while ignoring contradictory evidence is called _____.

• A) the confirmation bias
• B) fundamental fixation
• C) a mental set
• D) a conceptual bias

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Definitions:

Manufacturing Overhead

All indirect costs associated with the manufacturing process, excluding direct materials and direct labor expenses.

Machine-Hours

The total number of hours that machinery is operating during a certain period, often used as a basis for allocating manufacturing overhead.

Manufacturing Overhead

All indirect factory-related costs incurred while producing a product, such as utilities and salaries for management.

Direct Labor-Hours

The total number of hours worked directly on the production of goods, used as a basis for allocating overhead costs in some accounting systems.