Suppose That a Professor Asks the Students in Her Class

question 54

Multiple Choice

Suppose that a professor asks the students in her class to say their names out loud (one at a time) on the first day of class. Then she asks them to write down as many of their classmates' names as they can recall. Then she constructs a graph that shows "Number of correct responses" on the Y-axis and "Serial position of the name" on the X-axis. The shape of the graph

• A) will be a straight line, with the greatest accuracy on the first items.
• B) will be a straight line, with the greatest accuracy on the last items.
• C) will be an upside-down U-shaped line, with the greatest accuracy on the middle items.
• D) will be a U-shaped line, with the greatest accuracy on the first and last items.

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Definitions:

Journal Entries

Records of financial transactions in the accounting system in the order in which they occur.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and prepare financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, preparing the company's books for the next period.

Net Sales

The sum a company receives from its sales, after accounting for returns, compensations for damaged or missing items, and discount deductions.