Listed Below Are 12 Characteristics of Accounting, Some of Which

question 11

Essay

Listed below are 12 characteristics of accounting, some of which are more closely related to financial accounting, while others are related to managerial accounting.
Required:
Indicate which characteristic is financial and which is managerial by placing an (F)or an (M)in the space provided.

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Definitions:

Fundamental Attribution Error

The tendency to underestimate the influence of external factors and overestimate the impact of internal factors when evaluating the actions of others.

Peripheral Route Persuasion

A method of persuasion that involves convincing someone indirectly, through superficial cues or associations, rather than through the central route which involves systematic thinking and argument analysis.

Strict Attendance

emphasizes the rigorous enforcement of rules requiring presence at a designated place, such as a school or workplace, within specified times.

Foot-In-The-Door Phenomenon

The psychological tactic of getting a person to agree to a large request by first setting them up to agree to a modest request.