________ Leads a Person to Be More Confident Than He

question 44

Multiple Choice

________ leads a person to be more confident than he should be about the extent of his knowledge and problem-solving skills.

• A)Overconfidence bias
• B)Confirmation bias
• C)Appeals to ignorance
• D)False dilemma

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Definitions:

IFRS

International Financial Reporting Standards, a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements.

Bank Overdrafts

An extension of credit from a lending institution when an account reaches zero, allowing the account holder to continue withdrawing money up to a certain limit.

Indirect Method

A way of reporting cash flows from operating activities by starting with net income and adjusting for non-cash transactions.

Direct Method

A way of presenting a cash flow statement where actual cash flows from operating activities are disclosed directly.