Attribution Theory Explains Why We Judge People Differently in Order

question 106

Multiple Choice

Attribution theory explains why we judge people differently in order to determine the:

• A)internal or external causality.
• B)self-serving bias.
• C)influence of internal factors.
• D)person to blame for external factors.

Recognize the effects of accrued revenues and expenses on cash flows and financial statements.

Calculate and interpret key financial ratios such as return on assets, debt ratio, and profit margin.

Identify and explain the role of contra accounts in accounting.

Understand the principles of asset depreciation and the methods used for depreciation calculation.

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Definitions:

Activity Rates

Metrics used in activity-based costing to allocate costs to products or services, based on activities that drive costs instead of traditional cost drivers like direct labor hours.

Factory Overhead Budget

A factory overhead budget estimates the total costs of all indirect manufacturing expenses expected during a specific period.

Direct Labor Hours

The total time workers spend directly manufacturing a product or providing a service, used in costing and operational efficiency analysis.

Fabrication Department

A division within a manufacturing facility where raw materials are assembled or processed into finished goods.