Aronson Was Strongly Influenced by Festinger's Theory of Cognitive Dissonance

question 1

Multiple Choice

Aronson was strongly influenced by Festinger's theory of cognitive dissonance. However, he revised Festinger's theory because he felt dissonance was better explained as the result of:

• A) a threat to the self-concept.
• B) a violation of social norms.
• C) a conflict between opposing thoughts.
• D) external justification.

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Definitions:

Accounting Changes

Modifications in an entity's accounting principles, estimations, or reporting entity that necessitate restatements or disclosures in financial statements to reflect these changes accurately.

Fixed Charge Coverage

A financial ratio that measures a company's ability to cover its fixed charges, such as interest and lease expenses, with its earnings before interest, taxes, depreciation, and amortization (EBITDA).

Dividends

Dividends are portions of a company's earnings paid out to shareholders as a reward for their investment.

Company's Ability

A company's capacity to execute its strategies, achieve its objectives, and fulfill its operational requirements effectively.