Accounting Is an Information System That Identifies, Measures, Records and Communicates

question 63

True/False

Accounting is an information system that identifies, measures, records and communicates relevant information that objectively and correctly represents an organization's economic activities.

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Definitions:

Self-Actualization

According to Maslow, one of the ultimate psychological needs that arises after basic physical and psychological needs are met and self-esteem is achieved; the motivation to fulfill one’s potential.

Implicit Memories

Implicit memories are memories that are not consciously recalled but influence behaviors and skills, such as procedural memories for tasks.

Self-Actualizing Tendencies

The intrinsic drive to fulfill one's potential and achieve the highest level of personal growth and fulfillment.

Abraham Maslow's Hierarchy

A theory in psychology that arranges human needs into a hierarchy, suggesting that people are motivated to fulfill basic needs before moving on to other, higher level needs.