Which of the Following Is True About Conformity

question 170

Multiple Choice

Which of the following is true about conformity?

• A) Conformity is often a conscious decision.
• B) Conformity is always caused by the desire to be liked by others.
• C) Conformity cannot be studied in the laboratory.
• D) People tend to be less likely to conform when responses are made publically.

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Definitions:

Business Combination

A merger or acquisition in which separate companies come together to form a single entity, often to enjoy strategic advantages or to expand their market reach.

Group Accounts

Financial statements that combine the accounts of a parent company with those of its subsidiaries, presenting the financial position and results of operation of the group as a single economic entity.

Contingent Liability

A potential obligation that may arise depending on the outcome of a future event or set of circumstances.

Deferred Tax Liability

This is a tax obligation due in the future for income already recorded in the financial statements, resulting from temporary differences between accounting and tax treatments.