A Group of Ray's Friends Have Been Waiting for Ray

question 115

Multiple Choice

A group of Ray's friends have been waiting for Ray for an hour.One says,"He never remembers anything." Another says,"He's probably caught in rush hour traffic." What are these friends doing that might be of interest to a social psychologist?

• A)They are making attributions.
• B)They are reducing dissonance levels.
• C)They are engaging in stereotype suppression.
• D)They are changing attitudes.

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life to account for the reduction in value due to wear and tear, age, or obsolescence.

Straight-Line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its useful life.

Freight Charges

Fees paid for the transportation of goods from one place to another, typically charged by shipping companies.

Residual Value

The estimated amount that an asset will be worth at the end of its useful life, after deducting any expected costs of disposal.