Despite the Fact That Scientific Research Has Found No Support

question 43

Multiple Choice

Despite the fact that scientific research has found no support or basis for the belief of "the hot hand" in baseball, basketball, or golf, the idea still persists among athletes, sports commentators, and fans. This is a classic example of

• A)belief perseverance.
• B)gullibility.
• C)the hindsight bias.
• D)scientific illiteracy.

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Definitions:

Variable Costs

Variable expenses directly linked to the operational scale of a business.

Variable Costing

Variable costing is an accounting approach that includes only variable production costs (materials, labor, and overhead) in product costs, omitting fixed costs.

Net Income

The total profit of a company after all expenses, taxes and costs have been subtracted from total revenue.

Variable Manufacturing Costs

Costs that vary directly with the level of production output, such as raw materials and direct labor.