Bauer and McKinley Elementary Schools Are Involved in a Canned

question 49

Multiple Choice

Bauer and McKinley elementary schools are involved in a canned food drive to see which school donates the most cans to a local homeless shelter.Alan,a student at Bauer elementary,says,"All the kids at McKinley elementary are just donating so they can win the contest.We're donating to help feed the homeless!" Alan's comment demonstrates ____.

• A) cognitive dissonance
• B) unrealistic optimism
• C) actor-observer effect
• D) the ultimate attribution error

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Definitions:

Cash Dividends

are payments made by a corporation to its shareholders from profits in the form of cash, reflecting a portion of the corporate earnings being distributed.

Note Payable

A financial obligation or a loan that is documented through a formal agreement stating repayment terms.

Noncash Financing

Financing activities that do not involve cash flows, but rather the exchange of non-cash items or liabilities, such as issuing stock for assets or converting debt to equity.

Amortization of Patents

The gradual write-off of the cost of a patent over its useful life to reflect its consumption, expiration, or decline in value.