Which of the Following Statements Is TRUE

question 56

Multiple Choice

Which of the following statements is TRUE?

• A)Transactions are analyzed from the standpoint of the owners.
• B)All business activities are considered accounting transactions.
• C)The transaction amount is determined for each exchange based on the cost of the items given and received.
• D)A business needs journal entries only to show how transactions affect the balance sheet.

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Definitions:

Krechevsky

Ivan Krechevsky was a psychologist who conducted research on animal behavior and learning, known for exploring concepts of hypothesis behavior in rats during problem-solving tasks.

Occasion-Setting Stimulus

A stimulus that signals whether a particular response will be reinforced, playing a role in modifying behavior based on context.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, comes to elicit a learned response.

Conditioned Response

A learned reaction to a previously neutral stimulus, acquired through classical conditioning.