An anchoring bias occurs when you focus on <span>one piece of information versus all of the information
For example, you never met mr. Kirk your close friend told you that Mr.Kirk is a liar that should not be tasted (even though your friend offer no proof).
When you met Mr.Kirk personally, you will have a basic assumption that Mr.Kirk is a liar no matter what other qualities that he may conveyed</span>
Answer:
a.One entry creates an estimated returns inventory account.
b.One entry records the sales of goods to customers.
Explanation:
If a customer purchased a product on credit and returns that product for a refund, the business would have to make specific adjustments to its financial statements. The company would first make a debit entry to sales returns and allowances that equals the exact amount of the purchase
Unemployment exists when people who are willing to work at the going wages cannot find jobs. It can be explained as below:
The workforce population includes people from 15 to 59 years. Therefore, if people below 15 years and above 59 years do not have a job, they cannot be called unemployed.
In India, unemployment can be categorized as in rural and urban areas. Further, rural unemployment includes seasonal and disguised unemployment and urban unemployment includes educated unemployment.
