The Recency Effect Is More Common When

question 87

Multiple Choice

The recency effect is more common when:

• A)making an evaluation involving complex information.
• B)the decision maker has considerable experience in that situation.
• C)the decision maker believes most employees are above average.
• D)evaluating someone who is easily identified with a visible demographic group.
• E)the decision maker has a strong learning orientation.

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Definitions:

Prepaid Rent

An asset account that represents rent payments made in advance of the rental period, which is then expensed during the period the space is occupied or used.

Rent Expense

The cost incurred by a company for leased property used in business operations over a specified period.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, representing the wear and tear, deterioration, or obsolescence of the asset.

Useful Life

The estimated period over which an asset is expected to be used before it is considered to be no longer useful for business operations.