When Equipment That Is to Be Used by the General

question 46

Multiple Choice

When equipment that is to be used by the General Fund is received, how should it be recorded?

• A) Capital Asset.
• B) Appropriation.
• C) Encumbrances.
• D) Expenditure.

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Definitions:

Cognitive Dissonance

The mental discomfort or stress experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Justification of Effort

A concept in social psychology suggesting that individuals assign greater value to outcomes they have put effort into achieving.

Mere Exposure Effect

A psychological phenomenon in which people tend to develop a preference for things merely because they are familiar with them.

Cognitive Dissonance

The psychological unrest felt by an individual who simultaneously maintains two or more conflicting beliefs, ideas, or values.