________ Refers to a Third Party Who Is Not in Privity

question 69

Multiple Choice

________ refers to a third party who is not in privity of contract but who has rights under the contract and can enforce the contract against the promisor.

• A) Third-party contractor
• B) Assignee
• C) Sub-assignee
• D) Intended third-party beneficiary

Understand the effects of business transactions on the accounting equation.

Organize and assign account numbers in a ledger following a systematic approach.

Prepare and correct trial balances ensuring they reflect the normal balance of accounts accurately.

Journalize various types of business transactions and understand the impact on the financial statements.

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Definitions:

Gestalt Psychologists

Psychologists who emphasize our tendency to integrate pieces of information into meaningful wholes.

Psychoanalysts

Professionals who practice psychoanalysis, a therapeutic technique originally developed by Freud, which aims to explore the unconscious mind to resolve conflicts and psychological problems.

Cognitive Psychologists

Researchers who focus on analyzing cognitive functions including how we perceive, remember, think, and solve problems.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus to which the response was originally conditioned.