The Tendency to Believe in and Justify the Way Things

question 22

Multiple Choice

The tendency to believe in and justify the way things are in one's culture and not want to change the status quo is called

• A)justification of effort.
• B)the just world phenomenon.
• C)system justification.
• D)ethnocentrism.

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Definitions:

Capital Lease

A lease agreement in which the lessee essentially acquires all the risks and rewards of ownership, akin to a financial purchase.

Operating Lease

A leasing agreement for the use of an asset, where the lessee does not assume the risk of ownership.

Benefits and Risks

An assessment of the positive outcomes (benefits) and potential negative outcomes (risks) associated with a decision or action.

Straight-Line Amortization

A method of allocating the cost of an intangible asset over its useful life in equal installment.