Milgram Surveyed Both a Panel of Yale Undergraduates and a Panel

question 177

Multiple Choice

Milgram surveyed both a panel of Yale undergraduates and a panel of psychology professors before he conducted his original experiment. In these surveys, he found that __________.

• A) most people predicted that less than 1 percent of participants would go to 450 volts
• B) most people predicted that less than 10 percent of participants would go to 450 volts
• C) most people predicted that a majority of participants would go to 450 volts
• D) students underestimated the percentage who would go all the way to 450 volts, while professors' estimates were fairly accurate

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Definitions:

Journalize

The process of recording transactions in an accounting journal, noting the debit and credit aspects of each transaction.

Percent of Sales Method

A financial analysis technique used to forecast future expenses or account balances as a percentage of sales revenue.

Direct Write-off Method

An accounting method where uncollectible accounts receivable are written off directly against income at the time they are deemed noncollectible.

Uncollectible Receivables

Receivables considered uncollectible by a company and therefore recorded as a loss.