What Is One Likely, Undesirable Consequence of Foregoing Accuracy in Favor

question 117

Multiple Choice

What is one likely, undesirable consequence of foregoing accuracy in favor of justifying our past behaviors? Justifying past behavior can

• A) decrease the probability of learning from past experiences.
• B) cause us to totally distort reality.
• C) decrease our self-esteem.
• D) decrease our self-confidence in social situations.

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income level, type of income, and other factors.

CCA Class

Canadian Controlled Private Corporation (CCA) Class refers to a system of categorizing assets for tax depreciation purposes in Canada, allowing businesses to claim the cost of capital assets over time.

Tax Bracket

A range of incomes taxed at a particular rate, which forms part of a progressive taxation system where tax rates increase with income.

Cost-Cutting

The process of reducing expenses to improve profitability without compromising the core activities of an organization.