A Seemingly Arbitrary Flash "Out of the Blue," Where the Solution

question 120

Multiple Choice

A seemingly arbitrary flash "out of the blue," where the solution to a problem suddenly becomes apparent to you, but you do not consciously know how you "figured it out," is called ________.

• A) brainstorming
• B) a mental set
• C) insight
• D) priming

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Definitions:

Weighted Average Method

An inventory costing method that assigns a cost to inventory items based on the weighted average cost of all similar items purchased or produced during a period.

Inventory Items

Goods or materials that a company holds for the ultimate goal of resale or production.

Costing Method

An accounting approach to evaluate and determine the cost of goods sold and ending inventory.

Balance Sheet

A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.