If an Order Is Received with a Bill but Is

question 54

Multiple Choice

If an order is received with a bill but is incomplete, QuickBooks Desktop will______ .

• A)record the bill for the full amount ordered
• B)close the purchase order
• C)not allow the bill to be prepared until all the merchandise is received
• D)record the bill only for the amount received

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Definitions:

Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making and problem solving, although not always perfectly accurate.

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Sunk-Cost Fallacy

A cognitive error where past investments of time, effort, or money are taken into account when making a decision, even though they cannot be recovered.