ABC Is a Company That Commenced Business on 1 January

question 9

Multiple Choice

ABC is a company that commenced business on 1 January 2016.Below are the balances in the 30 June 2016 financial statements.
- What is the balance of liabilities?

• A) $7000
• B) $9000
• C) $15 000
• D) None of the answers provided

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Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values at the same time.

Foot-In-The-Door Phenomenon

A psychological tactic involving getting someone to agree to a small request to increase the chances of them agreeing to a larger request later.

Cognitive Dissonance

The psychological discomfort experienced when holding two or more conflicting thoughts, beliefs, values, or attitudes.

Role-Playing

A teaching or training technique that involves acting out situations or assuming the roles of characters to simulate real-life scenarios.