Latané and Darley Had University Students Complete Questionnaires in a Small

question 64

Multiple Choice

Latané and Darley had university students complete questionnaires in a small room and then had smoke poured into the room from a wall vent.Students who were working ___________ tended to notice the smoke in _____________.

• A)in groups; less than five seconds
• B)alone; less than five seconds.
• C)on a challenging task; about 20 seconds
• D)on a rote task; less than five seconds

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Definitions:

Cost of Goods Sold

An expense reflecting the direct costs attributable to the production of the goods sold by a company.

LIFO Inventory Method

An accounting method that assumes the last items of inventory purchased are the first to be used or sold, affecting the cost of goods sold and inventory valuation.

FIFO Inventory Method

An accounting method for valuing inventory that assumes the first items purchased are the first ones sold.

Ending Inventory

The total value of all inventory that a company has in stock at the end of an accounting period.