Match the Term with Its Definition

question 99

Multiple Choice

Match the term with its definition.
-Agreements to repay cash amounts borrowed from banks or other lending sources within 12 months or less

• A)accrued expenses
• B)cash flow activities
• C)cost of goods sold
• D)gross profits
• E)long-term debt
• F)long-term note
• G)net profits
• H)operating profits
• I)profit margins
• J)profits before taxes (taxable income)
• K)short-term notes
• L)statement of cash flows

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Definitions:

Conflicts Of Interest

Situations where an individual’s or group’s personal interests potentially interfere with their responsibilities or the interests of others.

Confirmation Bias

The bias towards finding, interpreting, prioritizing, and reminiscing on details in a manner that affirms and supports one's prior beliefs or assumptions.

Groupthink

this is a psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

False Consensus Effect

is a cognitive bias where individuals overestimate how much others agree with their beliefs, attitudes, or behaviors.