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musickatia [10]
3 years ago
10

Rochelle remembered getting "Bs" in her English Literature classes in college. But years later, when she applied for a job and t

ook out her transcript, she was shocked to find that she had actually gotten "C–" grades. She then started telling everyone she remembers being a pretty poor student. Her erratic memory of her mediocre performance is most likely due to ________.
Social Studies
1 answer:
kkurt [141]3 years ago
4 0

Answer:hindsight bias

Explanation:Hindsight bias is a term used in psychology to explain the tendency of people to overestimate their ability to have predicted an outcome that could not possibly have been predicted.

example of hindsight bias is when people are wrong about the outcome of an event, but claim they knew it was going to go the opposite way to which they originally stated.

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Tammy is talented at the craft but lacks the cash flow management skills required to run a business. She opens a store, Tammy's Craft Corner, with the help of her son David - a business major - who manages the budgets and expenses of the business. David prepares the quarterly budget and maintains a company book for recording all transactions. The company book balance that David regularly updates is the sum of payables.

The book balance describes the amount of money available that can be used to pay other businesses or purchase anything needed after the adjustment after deposits in transit or checks that are not been cleared. The payables are the business obligation to pay-off a debt to its suppliers or creditors.

The other options of the question are B) chargebacks, C) deposits, and D) receivables.

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