The "Better-Than-Average" Effect Refers to the Finding That People

question 18

Multiple Choice

The "better-than-average" effect refers to the finding that people

• A) tend to assume others are better than themselves at difficult tasks.
• B) tend to think that they are above average.
• C) who are better than average are happier.
• D) who are better than average are actually more modest about their abilities.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the ledger.

Chart of Accounts

A systematic list of all account titles and numbers used by a company to organize its financial transactions and prepare financial statements.

Debits

Accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts; they are recorded on the left side of accounting ledgers.

Credits

Accounting entries that increase liabilities or equity or that decrease assets.