Michael Fails to Present His Science Project on Time

question 84

Multiple Choice

Michael fails to present his science project on time. He informs his teacher that it was because his younger brother had destroyed it while playing. However, when his friend James fails to submit his project, Michael quickly assumes that James was too lazy to do his project. In the context of social perception, Michael is demonstrating the__________.

• A)obedience to authority
• B)actor-observer effect
• C)foot-in-the-door technique
• D)bystander effect

---

Definitions:

Interest-Bearing Note

A debt instrument that pays interest to the holder at a fixed or variable interest rate until the principal amount is repaid.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Interest Expense

The expense recorded by a business for the funds it has borrowed, categorized as a non-operating expense in the income statement.

Interest-Bearing Note

A debt instrument that obligates the issuer to pay interest to the holder, in addition to repaying principal at maturity.