Suppose That You Are Working with a Group of Monkeys

question 54

Multiple Choice

Suppose that you are working with a group of monkeys, and you give some monkeys a small reward (a cucumber) for performing a given task, while you give other monkeys a bigger and better reward (a banana) for performing the exact same task. Research suggests that the monkeys ____ compare their rewards, and that, as a result, ____.

• A) will not; neither group will become distressed
• B) will; those receiving cucumbers will become distressed
• C) will; those receiving bananas will become distressed
• D) will; both those receiving cucumbers and those receiving bananas will become distressed

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Definitions:

Accounts

Records within an accounting system that are used to store and summarize transactions related to specific assets, liabilities, equity, revenue, and expenses.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits.

Adjusted Trial Balance

A trial balance prepared after all adjustments for accrued, deferred, and estimated items have been posted, showing the balances of all accounts that will be used to prepare the financial statements.