An Unwillingness to Give Up Our Beliefs Even When the Evidence

question 193

Multiple Choice

An unwillingness to give up our beliefs even when the evidence proves us wrong is called

• A) the availability heuristic.
• B) trial and error.
• C) belief perseverance.
• D) confirmation bias.

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Definitions:

Owner's Drawings

The amount of money taken out from the business by the owner(s) for personal use.

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, resulting in net profit or loss.

Debit Entries

Accounting entries that increase an asset or expense account, or decrease a liability or equity account.

Credit Entries

Bookkeeping records that increase liabilities or equity or decrease assets on a company's balance sheet.