By Maintaining a Well-Defined, Complete Chart of Accounts, an Organization

question 84

Multiple Choice

By maintaining a well-defined, complete chart of accounts, an organization minimizes the related risk of:

• A)Fraud and errors
• B)Invalid general ledger postings
• C)Theft and fraud
• D)Amounts posted to wrong accounts

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Definitions:

Binocular Disparity

The difference in image location of an object seen by the left and right eyes, resulting from the eyes’ horizontal separation; the basis of stereopsis or depth perception.

Atmospheric Perspective

A technique in art and visual perception, creating the illusion of depth by portraying distant objects as paler, less detailed, and usually bluer than nearer objects.

Shape Constancy

The perceptual phenomenon by which we perceive the shape of an object as constant even when its shape changes on the retina due to changes in viewing angle.

Retinal Image

The image formed on the retina of the eye, where light-sensitive cells convert it into neural signals for the brain to interpret as visual information.