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Patrisia is trying to decide what classes she is going to take next semester. Unfortunately, due to complications and a last-minute change to her major, Patrisia is having to enroll late, just before the semester starts. According to construal level theory, what kinds of courses is Patrisia likely to enroll in?
Encumbrances
Claims, liens, or charges on property or funds that affect or limit their use until the encumbrance is lifted.
Accounts Payable
Liabilities to creditors that are short-term financial obligations arising from purchasing goods or services on credit.
Accrual Basis
An accounting method that records income and expenses when they are earned or incurred, regardless of when the cash is actually received or paid.
Internal Service Funds
Funds used by a government or organization to account for the financing of goods or services provided by one department to other parts of the organization, on a cost-reimbursement basis.
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