Examlex
Which of the following could be used as a basis to allocate profits among partners who are active in the management of the partnership?
1) Allocation of salaries.
2) The number of years with the partnership.
3) The amount of time each partner works.
4) The average capital invested.
Person Perception
The process by which individuals form impressions and make judgments about the characteristics and motives of others.
Cognitive Misers
A term describing how individuals prefer to conserve cognitive energy by simplifying complex information and relying on heuristics for decision-making.
Stereotypical
Pertaining to a fixed, overly simplistic, and generalized belief or idea about a particular group of people or thing.
Defensive Attribution
A psychological process in which individuals attribute causes to events in a way that defends themselves from feelings of vulnerability and mortality.
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