An Expert Is Asked to Comment on the Confidence-Accuracy Relationship

question 12

Multiple Choice

An expert is asked to comment on the confidence-accuracy relationship of an eyewitness's report. The expert will state that

• A) the higher the witness's confidence, the more likely it is that the memory is accurate.
• B) the lower the witness's confidence, the more likely it is that the memory is accurate.
• C) extremely high confidence is a good indicator of an accurate memory, but more moderate levels of confidence are uninformative.
• D) confidence levels are a poor indicator of the accuracy of recall.

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Definitions:

Market Share

The percentage of an industry's sales that is earned by a particular company over a specific time period.

Stakeholders' Welfare

This refers to the interest or well-being of all the parties involved or affected by a company's operations, including employees, customers, investors, and the community.

Profit Minimization

A less common business strategy focused on minimizing profits, often used for tax benefits or non-profit objectives.

Social Responsibility

The ethical framework suggesting that entities, whether individuals or organizations, have an obligation to act for the benefit of society at large.