Sadie Can Frequently Tell When Her Friends Are Going to Make

question 60

Multiple Choice

Sadie can frequently tell when her friends are going to make major changes in their lives. She attributes this to extra sensory perception. Which of the following is most like the response that a psychological scientist would give her?

• A) There is no such thing as ESP.
• B) She is probably responding unusually well to subtle social cues.
• C) She is probably misremembering what she thought before the event happened.
• D) She is probably determining her friends' behaviour based on her own subconscious desires.

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Definitions:

Replacement Cost

The cost to replace an asset of a company at the present time, according to its current worth.

Net Realizable Value

Net Realizable Value is the estimated selling price of goods minus the costs of their sale or completion, used to value inventory or accounts receivable in the context of impairments or realizable value considerations.

Normal Profit Margin

The average amount by which a company's sales exceed its cost of goods sold and operating expenses, representing a standard level of profit.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for how public companies prepare and disclose their financial statements.