When You Do Poorly on a Test, You Remind Yourself

question 5

Multiple Choice

When you do poorly on a test, you remind yourself of all the distractions you had at school that week. You are displaying

• A) the self-objectification effect.
• B) self-serving bias.
• C) confirmation bias.
• D) the availability error.

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Definitions:

Nonfinancial Performance

Measures of an organization's success not directly related to financial gains, such as customer satisfaction, employee engagement, and environmental impact.

GAAP or IFRS

Standards and principles that provide the framework for financial accounting and reporting, with GAAP used in the United States and IFRS internationally.

Objectivity and Verifiability

Accounting principles emphasizing the importance of unbiased financial information and the ability to confirm the accuracy of this data.

Just-In-Time (JIT)

A manufacturing strategy that aims to reduce inventory levels and increase efficiency by producing products only as they are needed.