The Phenomenon in Which the Greater the Number of People

question 210

Multiple Choice

The phenomenon in which the greater the number of people present means the less likely each individual is to help someone in distress is called:

• A)the bystander effect.
• B)the self-serving bias.
• C)the rule of reciprocity.
• D)the "feel good, do good" effect.

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Definitions:

Accounts Receivable Period

The average number of days it takes a company to collect payment after a sale has been made, indicative of cash flow and credit practices.

Operating Cycle

The duration of time from the acquisition of goods for resale or the start of a service to the receipt of payment from customers.

Cash Cycle

The period between the outlay of cash for raw materials and receiving payment from customers, reflecting the efficiency of a company's cash flow management.

Quarterly Receipts

Refers to the income or revenue received by a business, organization, or government on a quarterly basis.