________ Occurs When We Form an Impression of an Individual

question 93

Multiple Choice

________ occurs when we form an impression of an individual based on a single trait.

• A) The recency effect
• B) A self-fulfilling prophecy
• C) Fundamental attribution error
• D) Self-serving bias
• E) The halo effect

---

Definitions:

Liability Account

An accounting record that captures the amounts owed to others, representing claims against a company’s assets.

Owner's Equity

The portion of a company's assets that belongs to the owners after all liabilities have been subtracted.

Net Income

The total earnings of a company after deducting all expenses from revenues, representing the profit.

Owner's Drawings

The amount of money taken out from the business by the owner(s) for personal use.