Because people are uncomfortable with inconsistency between their attitudes and behaviors, they will seek to reduce
A. a self-fulfilling prophecy.
B. fundamental attribution.
C. a self-serving bias.
D. causal attribution.
E. cognitive dissonance.
E. cognitive dissonance.
In 1957, social psychologist Leon Festinger proposed the term cognitive dissonance to describe the psychological discomfort a person experiences between his or her cognitive attitude and incompatible behavior. Because people are uncomfortable with inconsistency, Festinger theorized, they will seek to reduce the "dissonance" or tension of the inconsistency.
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Currency markets operate under a system in which the prices of different currencies move up or down based on the demand for and supply of each currency. This practice is called:
A. countertrading B. floating exchange rates C. variable purchasing power D. flexible monetary policies E. purchasing power elasticity
Spivey Corporation has two service departments and two operating departments. Budgeted costs and budgeted activity in the various departments for the current year are shown below:??Service DepartmentsOperating Departments??AB12?Departmental costs$126,000$70,000$300,000$500,000?Square feet occupied1,0002,0008,00010,000?Number of employees2030150200?Machine hours??40,00060,000The company uses the step-down method to allocate service department costs to operating departments. The costs of Service Department A are allocated first on the basis of square feet of space occupied. The costs of Service Department B are then allocated on the basis of number of employees in other departments. Predetermined overhead rates in the operating departments are based on machine
hours.Required:a. Prepare a schedule showing the allocation of service department costs to other departments.b. Compute the predetermined overhead rate for each operating department. What will be an ideal response?
Ginnie Maes are
a. long-term bonds issued by the federal government b. short-term, mortgage-backed securities c. mortgage backed securities issued by theGovernment National Mortgage Association d. long-term mortgage securities sold by banks
Sometimes, negotiations break down because negotiators have different beliefs, views, or
forecasts that cannot be resolved. What type of strategy may be useful for crafting deals in these types of situations? A) A contract in which both parties are confident of a positive outcome in any turn of events B) A contract in which negotiators agree on the probability of future events C) A contract in which there is lots of room left for ambiguity D) A contract wherein negotiators make bets based upon different world occurrences