Which of the Following Is an Example of the Unit

question 53

Multiple Choice

Which of the following is an example of the unit bias?

• A) buying a second bottle of soda because the store has a "buy one, get one free" sale
• B) adding more sugar to a cup of coffee because it is bitter
• C) asking for a second helping of pasta
• D) eating more chips in one sitting from a "jumbo" bag than a regular size bag

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Definitions:

Petty Cash Account

A small amount of cash kept on hand in a business for minor expenditures.

Internal Control System

Strategies and measures put in place by a firm to maintain the honesty of its financial and accounting records, promote responsible management, and deter fraudulent activities.

Single Employee

Refers to an individual worker within an organization, focusing on aspects related to their employment status or conditions.

Compensating Balance

A minimum cash balance required by some banks to be maintained in a bank account.