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Dr. Cirillo divided her first-period class into two groups. One group had to read 20 pages in a boring psychology text but would get 2 extra points on the next test. The other group also read 20 pages but were given 25 points added to the next test. The class members were then asked to tell the second-period class how interesting the book was. According to the results of the Festinger and Carlsmith study, what predictions could one make about the remarks of the first-period class?
Business Plan
A formal written document detailing the goals of a business, the strategy for achieving them, and the financial, operational, and marketing plans.
Operating Plan
A detailed outline of a company's goals, strategies, and projected financial actions within a specific period, usually part of the overall business plan.
Planning Assumption
An assumption about the future on which a business plan is based. The assumption must be reflected in the firm’s financial projections by calculating the specific financial statement figures it implies.
Financial Statement
A formal record of the financial activities and position of a business, person, or other entity, typically detailed in an income statement, a balance sheet, and a statement of cash flows.
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