Which Scenario Does NOT Illustrate Someone Relying on a Peripheral

question 150

Multiple Choice

Which scenario does NOT illustrate someone relying on a peripheral cue?

• A)George is out shopping and looks at a computer that is $4000. "That's expensive," he thinks, "so it must be really high quality."
• B)David is walking home when he notices a huge line outside a new restaurant. "What a long line," he thinks, "that restaurant must be great!"
• C)Olivia is visiting some relatives for the first time ever. She notices that they have many books in their house. "They must be really smart," she thinks.
• D)Anya is trying to decide what movie to go to tonight. "There are so many movies out there!" she thinks to herself. She decides to meticulously read through all available reviews and then make a decision about what to see.

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Definitions:

GAAP

Set of accounting standards and principles designed to ensure consistency, fairness, and transparency in financial reporting.

IFRS

International Financial Reporting Standards, a set of accounting principles for reporting financial information used globally.

Time Period Assumption

An accounting principle that states a business operation can be divided into discrete time periods, such as months, quarters, or years for reporting purposes.

GAAP

Generally Accepted Accounting Principles, which are a set of rules and guidelines that companies must follow when preparing their financial statements in the U.S.