Perception Could Be Described as the Process by Which People

question 109

True/False

Perception could be described as the process by which people select, organise and interpret information.

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Definitions:

M. Sims Capital

An account representing the owner’s equity or the funds contributed by and belonging to the owner of a company.

Income Summary

An account used in the closing process that aggregates all income and expense accounts to determine the net profit or loss.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.