Our Tendency to See Objects as Relatively Stable and Unchanging

question 121

Multiple Choice

Our tendency to see objects as relatively stable and unchanging despite changing sensory information is called perceptual __________.

• A)closure
• B)constancy
• C)reversibility
• D)coherency

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Definitions:

Cost Object

Anything for which cost data are desired. Examples of cost objects are products, customers, jobs, and parts of the organization such as departments or divisions.

traceability Of Costs

The ability to assign direct costs to specific cost objects and to allocate indirect costs accurately.

Merchandise Purchases

The acquisition of goods for resale by a retail or wholesale business, typically finished products bought for resale.

Cost Of Goods Sold

The total costs directly tied to the production of goods sold by a company, including materials and labor.