You Believe That a Test Is Going to Turn Out

question 138

Multiple Choice

You believe that a test is going to turn out badly, but then you get an A on that test. If you then tell friends that you knew all along that you would do well on the test, you are showing

• A) hindsight bias.
• B) the anchoring bias.
• C) student bias.
• D) the availability bias.
• E) convergent thinking.

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Definitions:

Product Line

A group of related products marketed by a company under a single brand name.

Cash Payments Journal

A financial journal that records all cash outlays or disbursements made by a company during a period.

Accounts Payable Subsidiary Ledger

A ledger containing all account details of amounts owed by a business to its suppliers or creditors, facilitating more detailed tracking alongside the general ledger.

Payment For Supplies

The monetary expenditure for obtaining supplies necessary for the operation of a business.