Which of the Following Types of Biases Indicates That We

question 102

Multiple Choice

Which of the following types of biases indicates that we selectively seek out information that reaffirms our past choices, and we discount information that contradicts them?

• A) overconfidence bias
• B) availability bias
• C) confirmation bias
• D) anchoring bias
• E) hindsight bias

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Definitions:

Magazine Subscription

A payment made to receive regular issues of a magazine for a specified period, often recognized as deferred revenue in accounting until the subscription is fulfilled.

Accumulated Depreciation

The total amount of a tangible fixed asset's cost that has been charged to expense through depreciation over its useful life.

Carrying Amount

The net value of an asset or liability according to a company’s financial statements, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Supplies Account

An account used to track the cost of supplies consumed during a period or the supplies on hand at the end of a period.