George Just Received an A+ on a Physics Exam

question 108

Multiple Choice

George just received an A+ on a physics exam.If you make an external attribution for this event, what might you thinking?

• A)'So what! The exam was really easy.I would have gotten an A+ too'.
• B)'Well, I'm still not that impressed.All Jorge ever does is study.If I studied all the time I would get grades like that too'.
• C)'George must have some sort of natural gift for physics; he is really smart!'
• D)'George is probably really good at physics, but I bet he does really badly in all of his other classes'.

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Definitions:

Financial Statement

Documents that provide an overview of a company's financial condition in both short and long term, including balance sheets, income statements, and statements of cash flows.

Permanent/Temporary

In accounting, refers to the classification of accounts based on their longevity; permanent accounts are cumulative over time (e.g., assets, liabilities, equity), while temporary accounts are closed at the end of each accounting period (e.g., revenues, expenses).

Normal Balance

The side (debit or credit) on which increases to the account are recorded, based on the type of account (asset, liability, equity, revenue, expense).

Financial Statement

A written report that quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.