Suppose That You Went Out on Two Dates with Someone

question 39

Multiple Choice

Suppose that you went out on two dates with someone from one of your classes. You were not crazy about the person, but you did not dislike the person either. You thought that you would just wait and see how things turned out. Surprisingly, however, the person sent you an e-mail after your second date and wrote: "I just don't think we have good chemistry, but it was nice meeting you! Sayonara!" All of a sudden, the person becomes much more attractive to you. You wonder what you did wrong, and you strategize about how to get another chance. You are most likely experiencing ____.

• A) temporal discounting
• B) reactance
• C) the reciprocity bias
• D) the omission bias

Recognize the conditions under which long-lived assets are considered impaired.

Comprehend the factors that affect the comparison of rate-of-return across companies due to GAAP for long-lived assets.

Understand the implications of asset impairment and the criteria for impairment assessment.

Understand the concept of departmental contribution to overhead and how it is calculated.