Examlex
________ is an accounting method in which revenue is recorded when payment is received and expense is recorded when money is paid.
Commonly Accepted Idea
A belief, notion, or opinion that is widely accepted or held to be true by the majority.
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, known also as the "knew-it-all-along" effect.
Testable Predictions
Hypotheses that can be empirically investigated through experiment or observation to be proven true or false.
Research
The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.
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