The Tendency to Look for Supportive Evidence Rather Than Actively

question 54

Multiple Choice

The tendency to look for supportive evidence rather than actively seeking out contradictory evidence is known as

• A) the availability heuristic.
• B) belief perseverance.
• C) the confirmation bias.
• D) the hindsight bias.
• E) the emotional bias.

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Definitions:

Building

A structure established or built from materials to provide shelter or accommodate individuals, businesses, or activities.

Consolidation

The process of combining financial statements of parent and subsidiary companies into one comprehensive set of statements.

Fair Value

The estimated market value of an asset or liability, based on current conditions and informed market participant transactions.

Outstanding Common Stock

The shares of a corporation's common stock that are issued, sold, and actively held by investors, excluding any treasury stock.