Adjusting Entries Are

question 30

Multiple Choice

Adjusting entries are:

• A) not needed under the accrual basis of accounting.
• B) prepared at the option of the accountant.
• C) prepared at the beginning of the accounting period to update all accounts.
• D) prepared at the end of the accounting period to update certain accounts.

---

Definitions:

In-group Bias

The tendency for people to give preferential treatment and exhibit more positive attitudes towards members of their own group over those of an out-group.

Out-group Bias

A cognitive bias that leads individuals to favor their own group over others, often resulting in prejudice and discrimination against the out-group.

Scapegoating

Blaming a person or group for problems or negative outcomes, often as a way of distracting from the real causes or issues.

Milgram's Obedience Study

An experiment conducted by Stanley Milgram in the 1960s to study the extent to which individuals would follow orders from an authority figure, even when those orders could harm another person.