All of the Following Describe "Lateral" EXCEPT

question 83

Multiple Choice

All of the following describe "lateral" EXCEPT:

• A) Changing patterns and perceptions
• B) Not necessary for creativity but helpful
• C) Draws on the right side of our brains
• D) About ideas that may not be obtainable by using only traditional step-by-step logic

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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.

Owner's Capital

The amount of equity a business owner has invested in the business minus any withdrawals made from the business by the owner.