Which Psychologist Developed the Theory of Cognitive Dissonance

question 59

Multiple Choice

Which psychologist developed the theory of cognitive dissonance?

• A) Leong
• B) Festinger
• C) Lewin
• D) Freud

Understand the concept and classification of cash flows in operating, investing, and financing activities.

Analyze and interpret the effects of specific transactions on the statement of cash flows.

Differentiate between the indirect and direct methods of reporting cash flows.

Identify the impacts of changes in balance sheet accounts on cash flow.

---

Definitions:

Fixed Costs

Business expenses that remain constant regardless of the level of production or sales.

Variable Costs

Costs that change in proportion to the business activity or production levels, including raw materials and hourly labor.

Revenues

The total income generated by a company from its business activities before any expenses are subtracted.

Produce

In economic terms, it refers to creating goods or providing services as the result of a process of production.