The "Save the World by Praying" Association Predicted the World

question 5

Multiple Choice

The "Save the World by Praying" association predicted the world would end on November 1, 1999. When the world did not end on that day, the group made a statement that supported the theory of cognitive dissonance. Which of the statements below would fit that description?

• A)"We were wrong, prayer does not help."
• B)"God did not listen to us."
• C)"Our praying must have saved the world."
• D)"We are confused about all this."

---

Definitions:

Noncontrolling Interest

The equity in a subsidiary not attributable, directly or indirectly, to a parent company.

Equity Method

The Equity Method is an accounting technique used by firms to assess the profits earned through their investments in other companies, recording these profits as income from the investment.

Noncontrolling Interest

An equity interest in a subsidiary held by investors other than the parent company, reflecting a share of ownership not providing control.

Goodwill

A non-tangible asset formed during the acquisition of a company for a sum greater than the fair value of its net assets that can be identified.