According to the False Consensus Effect, Most People ____

question 180

Multiple Choice

According to the false consensus effect, most people ____.

• A)overestimate the proportion of people who would respond the same way as them in a situation
• B)hide the way they truly feel about an issue in order to reach a consensus
• C)lean toward the most popular opinion of a group regardless of how they feel
• D)assume that they will be in the minority because they are nonconformist

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Definitions:

Journalized

The act of recording transactions in the accounting journal according to proper accounting principles and conventions.

Cost Accounting Systems

Processes and techniques used to determine the cost of products or services for profitability analysis, inventory valuation, and cost control.

Manufacturing Overhead

The indirect factory-related costs incurred when producing a product, which may include expenses related to electricity or maintenance of equipment.

Budget

A financial plan for a defined period, often one year, that is used to plan for future revenue and expenses.