The World-Will-End-On-June-7 Group Got Together on June 7 to Pray

question 194

Multiple Choice

The World-Will-End-on-June-7 group got together on June 7 to pray as the world ended. The next day the world did not end. The leader of the group said, "Our prayers saved the world." What process was responsible for the attitude change?

• A) operant conditioning
• B) cognitive dissonance
• C) classical conditioning
• D) positive reinforcement

Understand the requirements for giving actual notice to terminate an agent's authority.

Learn the situations in which an agent can act on behalf of the principal and their liability in contracts.

Recognize the principle of ratification and its requirements.

Understand the principles of respondeat superior and the liability it imposes on employers.

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Definitions:

Brokerage Commission

A charge imposed by a broker for carrying out trades or offering specific services.

Dividends

Earnings distributed to shareholders from a company's profit, generally in the form of cash or additional shares.

Outstanding Stock

Shares of a corporation's stock that have been issued and are currently held by investors, including both public investors and company officers.

Trading Securities

Trading securities are financial assets purchased by a firm with the intention of selling them in the short term to profit from price fluctuations.