What Is the Pygmalion Effect

question 38

Multiple Choice

What is the Pygmalion effect?

• A) the placement of students in classrooms with other students of the same intellectual ability
• B) teachers who expect students to succeed and excel and are motivated to work with students to ensure that they do
• C) creating a false belief that certain occupations are natural based on sex, such as women being nurses and secretaries
• D) an overemphasis on educational credentials by employers as a means of narrowing the field of applicants

Recognize the lessor’s income recognition pattern for sales-type leases.

Examine the implications of sale and leaseback transactions on immediate gain recognition.

Understand the concept of incremental and differential costs.

Know that sunk costs are irrelevant to future decision-making.

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Definitions:

Probate

The legal process of administering the estate of a deceased person, resolving all claims, and distributing the deceased person's property under a will.

Testamentary Trust

A trust that is created according to the instructions in a person’s will to manage assets for beneficiaries after the person's death.

Charitable Trust

A trust created to benefit a particular charity or the public in general, typically for educational, religious, scientific, or other charitable purposes.

Cy Pres Trust

A legal principle allowing courts to modify charitable trusts or gifts to closely match the donor's intent if the original purpose becomes impracticable or impossible to achieve.