Which of the Following Is an Example of a Shortcut

question 86

Multiple Choice

Which of the following is an example of a shortcut used in judging others?

• A) hindsight bias
• B) confirmation bias
• C) stereotyping
• D) randomness error
• E) availability bias

---

Definitions:

Errors Discovered

The identification of mistakes in the financial information or transactions of an organization.

Financial Statements

Reports prepared by a company that give stakeholders an overview of the company's financial condition, including balance sheets, income statements, and cash flow statements.

Disclosure in Notes

Providing additional information and context to items in the financial statements within the notes section, aiding in transparency and understanding.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board for global use.