When Looking at the Statement of Comprehensive Income in the 2009

question 9

Multiple Choice

When looking at the statement of comprehensive income in the 2009 annual reports of four similar companies in the same industry, you find the following: Which company has an expense item that is likely to be persistent in terms of earnings?

• A) Company 1
• B) Company 2
• C) Company 3
• D) Company 4 Solution C, because items that are expected to be persistent in terms of earning are those transactions like research and development costs, that are expected to be repeated in future years during the normal operation of the business. The other items, like a charge for disposal of a business segment, a provision for restructuring, and litigation charges, are all items that are not expected to occur again in future years.

Differentiate between prejudice, stereotypes, and discrimination, including their impacts on behavior.

Recognize self-serving biases and their effects on personal accountability and perception.

Identify the role of attention in shaping perceptions during actions and observations.

Explain how attribution theory provides a framework for understanding how people explain the causes of behavior.

---

Definitions:

Effective Communication

The ability to convey information to others clearly and unambiguously, ensuring that the intended message is understood.

Leadership Skills

The abilities and qualities that enable an individual to influence, motivate, and enable others to contribute toward organizational success.

Personal Relationships

Connections between individuals based on emotional bonds, kinship, or social commitments.

Critical Thought

The intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information to reach a conclusion.