Inattentional Blindness Results When We Fail to Notice Changes in Objects

question 27

True/False

Inattentional blindness results when we fail to notice changes in objects to which we are not directly paying attention.

---

Definitions:

Operating Expenses

Expenses incurred from the regular activities of a business, such as rent, utilities, and salaries.

Perpetual System

A method of inventory accounting in which the inventory levels are updated in real-time with each sale or purchase.

Adjusting Entry

Journal entries made at the end of an accounting period to update the accounts for accruals or deferrals that were not previously recorded.

Gross Profit

The financial measure calculated by subtracting the cost of goods sold from revenue, representing the profit a company makes after deducting the costs associated with making and selling its products.