The Theory of __________ Claims That Most People Act First

question 12

Multiple Choice

The theory of __________ claims that most people act first and then rationalize their behavior second to make their actions consistent with self-perceived notions of who they are.

• A) rhetoric
• B) cognitive dissonance
• C) sophism
• D) behavioral analysis

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Definitions:

Warranty Liability

An obligation companies assume when they provide a promise to repair, replace, or refund products that fail to perform as expected.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.

Warranty Contract

An agreement where a seller promises to repair or replace a product if it breaks or malfunctions within a certain period of time.

Warranty Expenses

Costs that a company anticipates it will incur as a result of repairing or replacing products under warranty.