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In a study described in your textbook (Hecht & LaFrance, 1998) , same-sex pairs of participants engaged in conversations in the lab. In some conversations one partner had power over the other in a mock job interview. Results showed that smiling behavior and self-reported positive affect were positively correlated among high-power participants, but uncorrelated among low-power participants. Which of the following accurately describes the implications of this finding?
Partnerships
Partnerships indicate a legal form of business operation between two or more individuals who share management and profits.
Corporations
Legal entities that are separate from their owners, offering limited liability to shareholders, and having the ability to own property, sue, or be sued.
Cost Principle
An accounting principle that states assets should be recorded at their cost at the time of purchase, not at their current value.
Accounting Records
Documents and records that a business maintains to keep track of its financial transactions, assets, and liabilities.
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