A Rule of Thumb Strategy That Enables Quick,efficient Judgments Is

question 143

Multiple Choice

A rule of thumb strategy that enables quick,efficient judgments is called

• A)the confirmation bias.
• B)the overconfidence phenomenon.
• C)an implicit attitude.
• D)a heuristic.

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Definitions:

Long-Term Investments

Assets that a company intends to hold for more than one fiscal year, such as stocks, bonds, or real estate.

Intangible Assets

Non-physical assets with value to a business, such as trademarks, patents, goodwill, and copyrights.

Accruals

Accounting adjustments for revenues that have been earned or expenses that have been incurred but have not yet been recorded through a cash transaction.

Accrual Accounting

Accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.