Loftus Et Al

question 185

Multiple Choice

Loftus et al. (1987) found that the presence of a weapon in a crime scene reduced participants' ability to later identify the perpetrator. This finding reflects the role of ________ in memory.

• A)overconfidence
• B)misinformation
• C)salience
• D)counterfactual thinking

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Definitions:

Favorable Cost Variance

A variance that occurs when the actual cost is less than standard cost.

Standard Cost

A predetermined cost of manufacturing, storing, and marketing a product, used for budgeting and performance evaluation.

Variances

Differences between planned or expected financial performances to the actual financial performance.

Standard Costs

Predetermined costs for materials, labor, and overhead that are used as benchmarks to measure actual performance against expected results.