Suppose That Al Is Obese, and You Are Prejudiced Against

question 153

Multiple Choice

Suppose that Al is obese, and you are prejudiced against obese people. Which of the following would be the best example of stigma by association?

• A) You evaluate people less positively when you find out they are friends with Al.
• B) You assume that because Al is obese, he probably has several other negative qualities as well (slovenliness, inarticulateness, etc.).
• C) You assume that Al is similar to other obese people.
• D) You try not to associate with Al because at some level you are afraid (albeit irrationally) of becoming obese yourself.

Recognize elements of internal control, including information and communication, control procedures, and monitoring.

Differentiate between company book adjustments and bank statement adjustments for specific transactions.

Analyze and construct bank reconciliations using adjustments for outstanding checks, deposits in transit, NSF checks, bank service charges, and other discrepancies.

Understand and apply the concept of interest revenue adjustments in bank reconciliations.

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Definitions:

Deferred Expenses

Costs that are incurred but not expensed immediately and are carried on the balance sheet as an asset until recognized.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Accrued Taxes Payable

Liabilities for taxes that have been incurred but not yet paid.

Current Liability

A company's obligations or debts that are due to be paid to creditors within one year.