Which Statement Would Be Most Likely Create a State of Cognitive

question 116

Multiple Choice

 Which statement would be most likely create a state of cognitive dissonance,as defined by social psychologists?​ 

• A)believing that "honesty is the best policy," but cheating on a test
• B)learning that you were right about something
• C)finding out that your partner is buying you a nice anniversary present
• D)wanting something particular for a birthday gift and not getting it

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Definitions:

LIFO

Last In, First Out, an inventory valuation method where the most recently produced items are recorded as sold first.

Falling Prices

A situation where the general level of prices for goods and services decreases over time.

LIFO Method

An inventory valuation method that assumes the last items added to inventory are the first ones to be sold (Last In, First Out).

Periodic Inventory System

An inventory valuation method where the ending inventory and cost of goods sold are determined at the end of the accounting period.