Which of the Following Is the Tendency to Overgeneralize a Favorable

question 262

Multiple Choice

Which of the following is the tendency to overgeneralize a favorable impression of a person, such as viewing an attractive person as more intelligent or likable than a less attractive person?

• A)reciprocity
• B)the halo effect
• C)homogamy
• D)the fundamental attribution error

Recognize the significance of financial reporting systems guided by the principle of exceptions.

Understand the concept and application of standard cost systems in accounting.

Comprehend the basis of setting standard costs for manufacturing products.

Acknowledge the limitations of relying exclusively on past cost data for setting standards.

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Definitions:

Operating Activities

Activities that relate directly to the business's primary operations and functions, including sales, distribution, and production, influencing the day-to-day profitability.

Cash Receipts

The collection of money, including cash and checks, received by a business during a specific period.

Plant Assets

Long-term tangible assets used in the production of goods and services, such as buildings, machinery, and equipment.

Cash Flows

The net amount of cash and cash equivalents being transferred into and out of a business.