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To test the effect of an informal atmosphere on class performance, Professor Hall dresses in shorts and bare feet for his morning class and in conventional clothing for his afternoon class. He then counts the number of "intelligent questions" in each class and reports more in the class for which he wore shorts. What are the two things wrong with this experiment?
Credit Card Expense
Expenses incurred by using a credit card, typically involving interest charges and other fees.
Administrative Expense
Costs related to the general operation and administration of a business, including salaries of executive staff, office supplies, and utilities, but not directly tied to production or sales.
Promissory Note
A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.
Maturity Date
The date on which a financial obligation is due to be paid, such as the final payment date of a loan or bond.
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