Megan Was Certain That She Would Never Live Far Away

question 309

Multiple Choice

Megan was certain that she would never live far away from her family.However,when offered a job in another state,she decided to move.Megan's experience best illustrates

• A) hindsight bias.
• B) random assignment.
• C) the placebo effect.
• D) overconfidence.

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Definitions:

Deposit Slip

A document that accompanies bank deposits, detailing the amount of cash and checks being deposited as well as the deposit account number.

Personal Liability

The legal responsibility of an individual to personally satisfy debts or obligations, as opposed to the liability being limited to the assets of a business or corporation.

Authorized Agent

An individual or entity that is legally empowered to act on behalf of another person or organization, making decisions and entering into agreements.

Accommodation Party

An entity or person who signs a negotiable instrument on behalf of another, guaranteeing payment without receiving any direct benefit.