Cassandra, an accounting major, read an article stating that accounting graduates are receiving the highest starting salary offers for business majors. The article also stated that marketing majors start with lower salaries but surpass all other majors' salaries within ten years. A week later Cassandra doesn't remember reading this last part of the article, just the first part. This is an example of:
A. selective distortion
B. selective exposure
C. intermittent reinforcement
D. selective socialization
E. selective retention
Answer: E
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Under the balance sheet approach, the full change in the amount of future liability is recognized as an increase or decrease in income tax expense in the year the:
A. tax law is proposed. B. tax law is enacted. C. tax rate change is debated. D. tax law becomes effective.
?If the ideal inflation rate in an economy is 3% and the inflation gap is 8%, the actual inflation rate in the economy must be
A. 3%. B. 5%. C. 8%. D. 11%.
A carbon atom can form up to three single covalent bonds with other atoms.
Answer the following statement true (T) or false (F)
Which of the following bank reconciliation items would result in a journal entry on the company's books?
a. Bank error b. Interest income c. Deposit in transit d. Outstanding checks