In Several Experiments, Students in Psychology Classes Have Been Given

question 230

Multiple Choice

In several experiments, students in psychology classes have been given a questionnaire that is supposed to assess personality. A few days later, all the students receive an envelope with the same rather vague description of a set of personality traits. The results have shown that

• A) nearly all the students rejected the statement as not really applying to them.
• B) nearly all the students are impressed at how accurately the statement describes them.
• C) most male students viewed the description as accurate, but most females thought it was inaccurate.
• D) most extroverts thought the statement was accurate, but most introverts thought it was inaccurate.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not control those policies.

Net Income

Net income is the profit a company makes after deducting all its costs, expenses, interest, and taxes from its total revenues.

Book Value

The worth of an asset as stated in its balance sheet, factoring in the original cost of the asset reduced by depreciation.

Equity Method

An accounting technique used by a company to record its investment in another company, typically when it has significant influence but does not fully control it, usually through owning 20% to 50% of the voting stock.