Perceptual error of a self-serving nature may involve distortions in the evaluation of information. One example is the false-consensus effect. Briefly describe this effect.
What will be an ideal response?
The false-consensus effect is a tendency to overestimate the degree of support and consensus that exists for one's own position, opinions, or behaviors.
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U.S. GAAP requires the disclosure of the acquisition of a building by assuming a mortgage obligation
a. as both a financing activity and an operating activity. b. as both an operating activity and an investing activity. c. as both an investing activity and a financing activity. d. in a separate schedule or note, but does not appear in the statement of cash flows as an operating activity, investing activity or a financing activity. e. as both an investing activity and a exchange activity.
You will be presenting a proposal about eliminating one of your company's product lines, and you expect your audience to be unsupportive of your ideas. You should ________
A) be calm and controlled and speak evenly and slowly B) attempt to diffuse the situation with humor C) avoid sharing data and expert opinions D) be dynamic and entertaining and move around, using large gestures
To be a good communicator, a person needs to ________ nonverbal communications.
A. become good at observing and interpreting B. not be overly concerned about C. develop a theory of D. take a college-level course in E. compare verbal communications to
Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic bond in a country with a 28.00% withholding tax on interest paid to foreigners. If 10.50% after-tax is the investor's required return, what before-tax rate would the domestic bond need to pay to provide the required after-tax return?
A. 15.46% B. 16.33% C. 16.92% D. 12.83% E. 14.58%