Kurt Lewin Once Wrote,"There Is Nothing So Practical as a Good

question 60

Multiple Choice

Kurt Lewin once wrote,"There is nothing so practical as a good theory." By that,Lewin was referring to the idea that

• A) to solve social problems, psychologists must understand the processes that underlie them.
• B) basic researchers should have a higher status in the field of social psychology.
• C) basic researchers should not be afraid to conduct applied research aimed at solving social problems.
• D) applied researchers should have a higher status in the field of social psychology.
• E) the line between basic and applied researcher is clearer in social psychology than in other sciences.

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Definitions:

Proportionate Consolidation Method

An accounting method where an investing entity records its share of the assets, liabilities, income, and expenses of an associate or joint venture.

Assets and Liabilities

Assets are resources owned by a company expected to provide future benefits, and liabilities are obligations a company owes to outside parties.

Fair Market Value

The price at which an asset would change hands between a willing buyer and a willing seller, not under compulsion and both having reasonable knowledge of the relevant facts.

Acquisition Differential

The excess of the cost of acquisition over the fair value of the net assets acquired in a business combination, often attributed to intangibles like goodwill.