Question: Multiple Choice Question The primary difference between the income statement for a merchandising company and a manufacturing company is in the section. O operating expenses

Multiple Choice Question The primary difference between the income statement for a merchandising company and a manufacturing company is in the section. O operating expenses O sales O income taxes expense O cost of goods sold

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1. The concepts that are used to describe social situations are mental constructions.

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.