Following Paine's Publication of Common Sense,the Second Continental Congress

question 17

Multiple Choice

Following Paine's publication of Common Sense,the Second Continental Congress: 

• A) suggested that all colonies establish state governments separate from Britain. 
• B) voted for free trade at all American ports with all countries including Britain. 
• C) immediately accepted the resolution for independence proposed by Richard Henry Lee of Virginia. 
• D) appointed Paine as the commander in chief of its army. 
• E) was convened to declare war on Britain.

Recognize the self-serving bias and its effects on personal and situational attributions.

Identify internal versus external causes in the attribution process.

Understand the impact of pessimistic and optimistic explanatory styles on individual psychology.

Comprehend the historical and theoretical background of attribution theory.

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Definitions:

Operating Activities

Business activities directly related to the production and delivery of goods and services, affecting the operating income.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Direct Method

A cash flow statement presentation that lists specific types of cash receipts and payments, used to reveal actual cash flow activities.

Accounts Receivable

Indicates the funds to be received by a business for credit sales made to customers, reflecting potential income.