In an Experiment Designed to Assess the Effects of Disclosure

question 45

Multiple Choice

In an experiment designed to assess the effects of disclosure of ingredients on the experience of taste, Lee, Frederick, and Ariely (2006) approached patrons at a local pub and asked them to taste and rate a new beer: the MIT Brew.Some participants were told about the secret ingredient in the beer (a few drops of balsamic vinegar) either before tasting (before condition) or after tasting but before rating (after condition) .Other participants were not told anything regarding the secret ingredient (not told condition) .Which aspect of this study is an operational definition of the dependent variable?

• A) sample of patrons at the local pub
• B) disclosure of the ingredients
• C) experience of taste
• D) participants' responses on the taste rating scale

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Definitions:

Non-current Assets

Assets held for long-term use in business operations, not expected to be converted into cash within the next year.

Bonus Dividends

Additional dividends paid to shareholders, above regular dividends, typically issued in the form of extra shares.

Revaluation

An adjustment of the carrying value of an asset or liability to its current fair value.

Consolidated Statement

A financial statement that presents the financial position and results of operations of a parent and its subsidiaries as if they were a single economic entity.