People can emerge with different perceptions of the same object because of three perceptual processes. List and briefly describe these processes
What will be an ideal response?
The three processes are selective attention, selective distortion, and selective retention. Selective attention occurs because a person cannot possibly attend to all the stimuli that he or she is exposed to during an average day. Some will be screened out. Selective distortion is the tendency to interpret information in a way that will fit our perceptions. Selective retention occurs because people will fail to register much information to which they are exposed in memory, but will tend to retain information that supports their attitudes and beliefs.
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Where can the amounts needed to compute the accounts receivable turnover ratio be found?
a. The income statement b. The balance sheet c. The statement of cash flows d. Both (a) and (b).
Artco Inc. is a C corporation. This year it earned $50,000 of taxable income and paid a $10,000 distribution (dividend) to Lily, its sole shareholder. Lily has a marginal tax rate of 24%. Due to the corporation's results and the distribution paid, the IRS will receive total taxes of
A) $12,000. B) $12,900. C) $13,500. D) $10,500.
Tabitha Thomas had gross earnings of $720 last week. She is single and claims an allowance for herself only. The amount of one weekly withholding allowance is $65.38 . Using the Table for Single Taxpayers above, figure the amount that will be withheld from her paycheck for federal income tax. (Figure withholding to the nearest cent.)
The way in which an interviewer asks a question about political party affiliation causes
respondents to answer that they have no affiliation when they actually do. What type of problem has occurred? A) nonresponse bias B) measurement error C) selection bias