What Is the Moon Illusion

question 140

Multiple Choice

What is the moon illusion?

• A) Seeing movement that isn't really there out of the corner of your eye on a moonlit night.
• B) Seeing the horizon moon as larger than the overhead moon.
• C) Perceiving faces on the surface of the moon when you look at a full moon.
• D) Seeing the moon move in one direction when clouds are actually moving in the other.

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Definitions:

Net-of-Tax Basis

A method of presenting financial figures after the effect of taxes has been considered or deducted.

Depreciable Equipment

Tangible assets, such as machinery or hardware, acquired for use in operations, which lose value over time due to usage, wear and tear, or obsolescence and can be depreciated.

Prior-Period Adjustment

Corrections of errors made in previously published financial statements, not considered ordinary adjustments.

Net Income

The net income a company earns following the subtraction of all expenses and taxes from its total revenue.