In 1971,Phillip Zimbardo and Colleagues Conducted an Experiment to Learn

question 27

Multiple Choice

In 1971,Phillip Zimbardo and colleagues conducted an experiment to learn about the power of roles.The subjects were randomly assigned to a "prisoner" group or a "guard" group.The guards were to do whatever they deemed necessary to maintain control.Less than two days into the experiment,one prisoner had a "nervous breakdown." Because the experimenters believed that the prisoner was trying to trick them into releasing him,they chided him for being weak and made him stay.If this experiment were done today,it would be in violation of the APA's ethical standards for informed consent,because

• A) the participant was not allowed to leave freely without penalty.
• B) it is unethical to study prison situations.
• C) the researchers lied about what they were studying.
• D) the study would be ethical if it were done today.

Distinguish between different revenue recognition methods and their applicability under various circumstances including installment sales, consignments, and service revenue.

Identify and apply the proper treatment of interest charges under the installment sales method.

Analyze the impact of revenue recognition on financial statements and company performance.

Recognize the criteria for revenue recognition under U.S. GAAP and IFRS.

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Definitions:

Amazon Echo

A brand of smart speakers developed by Amazon, integrating the voice-controlled intelligent personal assistant service Alexa to perform a variety of functions and services.

Innovation

The introduction of new ideas, products, services, or processes that create value for businesses, consumers, and society as a whole.

Word-of-mouth Referrals

The process by which people informally recommend products or services to others, often considered a powerful and trustworthy form of marketing.

Innovators

Early adopters of new technologies, processes, or ideas, often leading the way in experimenting with and implementing changes.