Question
4. Confirmation bias a. Reduces uncertainty by requiring confirmation before taking action b. Is demonstrated when people pay greater attention to information that confirms their
4. Confirmation bias
a. Reduces uncertainty by requiring confirmation before taking action
b. Is demonstrated when people pay greater attention to information that confirms their preconceived notions
c. Is the statistical means by which bias is confirmed and adjusted for
d. Is the means by which unfair advantage is achieved through arbitrage opportunities
e. None of the above
5. Prime costs include
a. Direct materials and direct labor
b. Direct labor and factory overhead
c. Direct materials and factory overhead
d. No variable costs
e. None of the above
6. Direct costs
a. Include only direct materials and direct labor
b. Can be easily and conveniently traced to a specified cost object
c. Are incurred to support a number of cost objects
d. All of the above
e. None of the above
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