Data Format Seems to Play an Important Role in Decision

question 17

Multiple Choice

Data format seems to play an important role in decision making because

• A) the correct format is more likely to trigger the necessary memory retrieval path.
• B) certain formats, like frequencies, are more likely to trigger System 1
• C) certain formats, like frequencies, are more likely to trigger System 2.
• D) proportions are easiest to understand.

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Definitions:

General Ledger

A comprehensive record of all financial transactions that occur within a company, organized by account.

Sales Journal

A specialized accounting journal used to record all sales of goods and services on credit.

Sales Revenue

The total amount of money a company receives from its sales of goods or services before any expenses are subtracted.

Cross-Footing

A bookkeeping process that involves checking the mathematical accuracy of figures in financial statements by ensuring that sums of columns and rows respectively match.