In Making Judgments About Category Membership,participants

question 52

Multiple Choice

In making judgments about category membership,participants

• A)base their judgments entirely on typicality of the stimulus.
• B)will not judge a stimulus to be in the category unless the stimulus resembles the category prototype.
• C)often make a distinction between typicality and actual category membership.
• D)usually base their judgments on factors other than typicality.

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Definitions:

Business Entity

An organization established as a separate legal entity for business purposes, which may include corporations, partnerships, and sole proprietorships.

Accounting Purposes

The reason or rationale for recording financial transactions and maintaining financial records, mostly to provide insight into a business’s financial health, comply with legal obligations, and inform decision-making.

Proprietorship

A business entity owned and operated by a single individual, with no legal distinction between the owner and the business.

Corporation

A legal entity that is separate from its owners, with the ability to own assets, incur liabilities, and sell stocks.