What Method of Impression Formation Is Most Likely to Lead

question 15

Multiple Choice

What method of impression formation is most likely to lead to prejudice?

• A) the The horn effect
• B) the The halo effect
• C) Algebraic impressions
• D) Stereotyping

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Definitions:

Sales Returns and Allowances

Accounts that reduce total sales revenues on the income statement due to returned or damaged goods, or price allowances granted to customers.

Contra-Revenue Account

An account in the general ledger that reduces the total gross revenues reported by the business, including returns, allowances, and discounts.

Sales Discounts

Reductions in the price of goods or services offered to customers to encourage prompt payment or as part of a sales promotion.

Control Account

An account used in the general ledger to summarize transactions detailed in subsidiary ledgers for efficient reporting and verification purposes.