Cognitive Dissonance Is

question 117

Multiple Choice

Cognitive dissonance is:

• A) a state of tension that occurs when a person simultaneously holds two cognitions that are psychologically inconsistent.
• B) the tendency of members of a group to avoid taking responsibility for their actions because they assume that others will do so.
• C) the tendency for members of a close-knit group to think alike for the sake of harmony and to suppress disagreement.
• D) a belief that a statement is true just because the person has heard it repeated over and over again.

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Definitions:

Lessee

An individual or entity that leases an asset from another, the lessor, under the terms of a lease agreement.

Lease Agreement

A contract between two parties where one, the lessor, provides an asset for use to the other, the lessee, for a specific period in exchange for periodic payments.

Financial Leases

Long-term leases that transfer substantially all the risks and rewards of ownership of the asset to the lessee, similar to finance purchases.

Financial Lease

A type of lease in which the lessee has use of the asset for most of its useful life and the lease payments cover the full cost of the asset, effectively transferring the risks and rewards of ownership.