The Tendency to Perceive What You Expect Is Called

question 80

Multiple Choice

The tendency to perceive what you expect is called

• A)a perceptual set.
• B)the expectancy effect.
• C)misperception.
• D)the Lachman effect.

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Definitions:

Impairment Loss

A reduction in the recoverable amount of a fixed asset or goodwill below its carrying amount, recognized as an expense.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been expensed since the asset was put into use.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.

Revaluation Model

An accounting method for periodically adjusting an asset's value on the balance sheet to reflect its current market value.