A __________ Refers to a Tendency to Distort Answers to Self-Report

question 178

Multiple Choice

A __________ refers to a tendency to distort answers to self-report questionnaires,often in a socially desirable direction.

• A)placebo effect
• B)halo effect
• C)hindsight bias
• D)response set

---

Definitions:

Capital

The wealth, either financial or other assets, used by an individual or business to fund operations and facilitate growth.

Withdrawals

Amounts of money taken out from a business by its owners for personal use.

Revenue Accounts

The financial accounts that track the income generated from a company's normal business operations, such as sales or service charges.

Income Summary

The income summary is a temporary account used during the closing process that contains the sums of all revenues and expenses for the period to calculate the net income or loss.