Charles Has Been Asked to Make a Judgment as to How

question 21

Multiple Choice

Charles has been asked to make a judgment as to how long a line is and state it publicly to a group of others. He indicates that he believes the line is 20 cm long. The four other people in the group all state they think it is around 7 cm long. Charles is then given a chance to change is answer if he wants. What does Charles do?

• A) Changes his answer to around 7 cm long as well.
• B) Changes his answer to longer than he originally predicted.
• C) Changes his answer to halfway between his original guess and the guess of the group.
• D) Does not change his answer and sticks with his response of 20 cm long.

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Definitions:

Balance Sheet

Financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Balance Sheet

is a financial statement that presents a company's financial position, including assets, liabilities, and shareholders' equity at a specific point in time.

Expense

Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.

Capital Account

An account on a nation's balance of payments that records the investment funds coming in and going out of the country.