Suppose That Both Oscar and Sam Went Through Hazing Rituals

question 179

Multiple Choice

Suppose that both Oscar and Sam went through hazing rituals for the same fraternity. Oscar went through a very long and involved hazing process while Sam went through relatively mild rituals. After they both got into the fraternity, they realized that there were a lot of negative things associated with membership that they hadn't expected. According to cognitive dissonance, which of the following would you expect to happen?

• A) Oscar would love the fraternity more than Sam because he went through more to get into it.
• B) Sam would want to stay in the fraternity more than Oscar because Sam realizes that he accepted the membership even though he didn't like it.
• C) Both Oscar and Sam would like the fraternity equally.
• D) Sam and Oscar would dislike the fraternity equally because of all the negatives associated with it.

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Definitions:

Loss

A decrease in net income that occurs when expenses exceed revenues, investments diminish in value, or assets are lost or damaged.

Investing Activities

Transactions involving the acquisition and disposal of long-term assets and investments not included in cash equivalents.

Financing Activities

Transactions involving long-term liabilities, stockholders' equity, and changes in short-term loans that affect a company's cash flow.

Note Payable

A written agreement to pay a specific sum of money, usually including interest, at a future date.