A Group of Ray's Friends Have Been Waiting for Ray

question 153

Multiple Choice

A group of Ray's friends have been waiting for Ray for an hour. One says, "He never remembers anything." Another says, "He's probably caught in rush hour traffic." What are these friends doing that might be of interest to a social psychologist?

• A) they are making attributions
• B) they are reducing dissonance levels
• C) they are conforming to the group's norms
• D) they are forming initial impressions of Ray

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Definitions:

Return On Equity (ROE)

A financial ratio indicating the profitability of a firm relative to its equity capital.

Liabilities

Financial obligations or debts that a company owes to others, which need to be settled over time.

Assets

Economic resources owned or controlled by an entity, expected to produce value or benefit in the future.

Cycle Inventory

Inventory that is carried as a result of the production or purchase process, determined by the frequency of orders and the quantity of goods ordered each time.