Examlex

Solved

Believing That a Particular Statement Is True Simply Because You

question 30

Multiple Choice

Believing that a particular statement is true simply because you have seen the statement in previous instances is known as the ________ effect.


Definitions:

Collection

The process of obtaining funds that are due or the grouping of specific items or data, often relevant in financial contexts and research.

Annual Interest Rate

The percentage that represents the cost of borrowing money or the gain from saving money on an annual basis, crucial for financial calculations.

Sales Discount

A reduction in the price of goods or services offered to customers, usually to accelerate sales or reward customer loyalty.

Credit Terms

The conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and the amount of loan.

Related Questions