An Unacceptable Way to Make a Correcting Entry Is to

question 193

Multiple Choice

An unacceptable way to make a correcting entry is to

• A) reverse the incorrect entry.
• B) erase the incorrect entry.
• C) compare the incorrect entry with the correct entry and make a correcting entry to correct the accounts.
• D) correct it immediately upon discovery.

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Definitions:

Unstable

Characterizes a state or condition that lacks consistency, predictability, or emotional steadiness.

Belief Perseverance

A tendency to continue to view an initial assumption as correct despite evidence to the contradictory.

Self-serving Bias

In attribution, the tendency for people to take personal credit for acts that yield positive outcomes and to deflect blame for bad outcomes by attributing them to external causes.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underestimating the influence of situational factors.