Liam Doesn't Like the New IPhone

question 271

Multiple Choice

Liam doesn't like the new iPhone. In order for us to make a situational attribution and assume that it really is something about the phone (and not just Liam's opinion) , which of the following has to be true?

• A) consistency is high, but both consensus and distinctiveness are low
• B) distinctiveness is high, but both consensus and consistency are low
• C) consistency is low, consensus is low, and distinctiveness is low
• D) consensus is high, but both consistency and distinctiveness are low
• E) consistency is high, consensus is high, and distinctiveness is high

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Definitions:

Partial Equity Method

An accounting approach where an investor recognizes income from its investment in an associate to the extent of dividends received, differing from the full equity method which recognizes income as it's earned by the associate, regardless of dividends received.

Fair Value

The exchange value of an asset or the settlement cost of a liability in a well-arranged transaction with participants in the market on the measurement occasion.

Book Value

The net value of a company's assets minus its liabilities, often used as a measure of the company's worth.

Equipment

Tangible property used in the operation of a business that is not intended for sale, including machinery, tools, and vehicles.