Examlex
The journal entry to record the flow of costs into Department 2 for direct labor is
Gambler's Fallacy
The erroneous belief that if an event occurs more frequently than normal during some period, it will happen less frequently in the future, or vice versa.
Roulette-Type Game
A gambling game in which players bet on which compartment of a revolving wheel a small ball will come to rest in.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.
Functional Fixedness
A cognitive bias that limits a person to using an object only in the way it is traditionally used.
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