Some Studies Show the Even Students Who Earned High Grades

question 255

Multiple Choice

Some studies show the even students who earned high grades in science classes provide disproven explanations for scientific phenomena. These disproven explanations had been acquired prior to the science classes. These studies provide some support for which of the following systematic mistakes that people make?

• A) people are overconfident
• B) people give too much weight to a small number of vivid observations
• C) people are reluctant to change their minds
• D) All of the above are correct.

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Definitions:

Cash Flows

The inflows and outflows of cash and cash equivalents representing the operating, investing, and financing activities of a business.

Noncash Financing

Financing activities that do not involve cash flows, such as issuing stock or debt in exchange for assets or services.

Operating Activity

Business actions directly related to the day-to-day operations, such as selling products or services, which generate most of the company’s cash flows.

Depreciation Expense

The allocated cost of an asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.