The Discomfort We Feel When Two Thoughts Are Inconsistent Is

question 19

Multiple Choice

The discomfort we feel when two thoughts are inconsistent is called

• A) cognitive dissonance.
• B) an attribution.
• C) role playing.
• D) an attitude.

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Definitions:

FIFO System

First In, First Out, an inventory valuation method where the costs of the oldest inventory items are the first to be expensed.

Goodwill

The intangible asset that arises when a company acquires another business for more than the fair value of its net assets.

Impairment

The permanent reduction in the value of a company's asset, typically when the asset's market value drops below its recorded book value.

Dividends

Earnings distributed by a company to its shareholders, usually in the form of cash or additional shares.