The Tendency to Be So Fixed in Our Perception of the Proper

question 120

Multiple Choice

The tendency to be so fixed in our perception of the proper function of an object or procedure that we are blinded to new ways of using it is called:

• A) intelligence.
• B) creativity.
• C) divergent thinking.
• D) functional fixedness.

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Definitions:

Debit And Credit

Fundamental concepts in accounting that represent the increase or decrease in an account balance; debits increase asset or expense accounts, while credits increase liability, equity, or revenue accounts.

Chart Of Accounts

An organized list of all accounts in a company's financial system, which is used to classify transactions.

Financial Statement Order

The sequence in which the key financial documents are prepared, typically including the income statement, balance sheet, statement of cash flows, and statement of retained earnings.

Debits And Credits

Fundamental accounting concepts that are used in double-entry bookkeeping, where debits must equal credits in every transaction.