When We Encounter People for the First Time,we Often Try

question 38

Multiple Choice

When we encounter people for the first time,we often try to gain more information about them to help make ourselves feel more comfortable.This process is called _______.

• A)implicit personality theories
• B)halo effects
• C)discrimination
• D)uncertainty reduction

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that reduces the total accounts receivable on the balance sheet, accounting for estimated uncollectible debts.

Interest Income

The revenue earned from deposit accounts or investments through the receipt of interest payments.

Fair Value Option

An accounting strategy that allows companies to measure and report certain financial assets and liabilities at their fair values.

Long-term Notes Receivable

Loans or credit extended to others that are not expected to be repaid within the next twelve months, reported as long-term assets on the balance sheet.