Developing a liking for a person that we perceive is similar to us and disliking those who are different is called:
a) Similar-to-me-effect
b) Halo effect
c) Self-serving bias
d) Horn effect
a) Similar-to-me-effect
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Which of the following statements regarding contingencies is true?
a. Contingencies that are probable and not estimable appear on the balance sheet. b. Contingencies that are probable and not estimable are disclosed in the notes to the financial statements. c. Contingencies that are remote but estimable are disclosed in the notes to the financial statements. d. Contingent assets are recorded on the balance sheet, but not in the notes to the financial statements.
The strongest objections to manipulation come from:
A. virtue-based ethics. B. consequential ethics. C. principle-based ethics. D. pragmatic ethics.
A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is called a(n):
A. Uncontrollable cost. B. Out-of-pocket cost. C. Incremental cost. D. Opportunity cost. E. Sunk cost.
As a general rule, an agent is liable on contracts entered into on behalf of a fully disclosed principal
a. True b. False Indicate whether the statement is true or false