Johann Buys an Expensive Microwave Oven for His Wife from an Online

question 49

Multiple Choice

Johann buys an expensive microwave oven for his wife from an online retailer.After having made the purchase,he begins to wonder whether he should have bought a different model.He starts to weigh the pros and cons of both models but decides that the one he had bought was better anyway.This is an example of _____.

• A) selective perception
• B) cognitive dissonance
• C) Hawthorne effect
• D) money illusion
• E) doublethink

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Definitions:

Journal Entry

A record in the accounting books of a business that represents a single transaction and its impact on the company's finances.

Journal Entry

A recorded transaction in the accounting records of a company, marking the financial events of a business.

Common Stock

Equity ownership in a corporation, with voting rights and the potential to receive dividends.

Cash Dividend

A payment made by a company to its shareholders, usually as a distribution of profits.