You Did Not Understand What the Term Accrual Meant and Failed

question 123

Multiple Choice

You did not understand what the term accrual meant and failed to accrue the interest due at the end of the year on the company's bonds. Which of the IMA standards appears to have been violated here?

• A)Integrity
• B)Confidentiality
• C)Competence
• D)Objectivity

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Definitions:

Fundamental Attributional Error

The tendency to overemphasize personality-based explanations for behaviors observed in others while underemphasizing the role and power of situational influences.

Cognitive Dissonance

A psychological state in which an individual experiences discomfort due to holding contradictory beliefs, attitudes, or actions simultaneously.

Foot-In-The-Door Phenomenon

A compliance tactic that involves getting a person to agree to a small request to increase the likelihood they will agree to a larger request later.

Peripheral Route Persuasion

A method of persuasion that relies on superficial cues to promote a response without demanding critical analysis of the content of the message.