Name and Explain the Two Types of Social Reaction Theories

question 25

Essay

Name and explain the two types of social reaction theories.

Understand and calculate weighted averages for forecasting purposes.

Apply knowledge of forecasting methods to interpret and evaluate sales data.

Understand and apply the accounting equation and its components (assets, liabilities, equity).

Analyze and prepare basic financial statements (income statement, balance sheet, statement of retained earnings).

---

Definitions:

Flynn Effect

The observed substantial and long-sustained increase in both fluid and crystallized intelligence test scores measured in many parts of the world over the 20th century.

Gifted Child

A child who exhibits a significantly higher level of intellectual, creative, or artistic ability compared to peers of the same age.

Genius-Level Contributions

Exceptionally high-value work or insight that significantly advances a particular field.

Eminence

A high status or reputation achieved through success, excellence, or influence in a particular field or area.