When Social Psychologists Observe Something in Everyday Life That Is

question 180

Multiple Choice

When social psychologists observe something in everyday life that is interesting, how is such information useful in research?

• A) It is used to prove hypotheses that were based on previous theory.
• B) It can stimulate researchers to develop a hypothesis and design studies to test it.
• C) It serves as information that can be used in theoretical debates about human behavior.
• D) It serves no good purpose beyond stirring up controversy.

---

Definitions:

Accelerating Cash Collection

Strategies or practices implemented by a business to decrease the amount of time between selling a product or service and receiving payment for it.

Discounting

The process of determining the present value of a future amount of money or a series of future cash flows, by applying a discount rate.

Net Realizable Value

The estimated selling price of goods or assets in the course of normal business, minus any costs associated with the sale or completion.

Gross Receivables

The total amount of money owed to a company by its customers before deducting any allowance for doubtful accounts.