One Important Source of Financing for Most Small Businesses Is

question 313

True/False

One important source of financing for most small businesses is the owner's savings. If the owner contributes money to the business from his/her personal savings, it will be recorded in the owners' equity account on the balance sheet.

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Definitions:

Wilhelm Wundt

Often considered the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig, Germany.

Psychology Laboratory

A controlled environment where psychological research, experiments, and testing are conducted to study the human mind and behavior.

Sensations

The immediate and basic experiences generated from sensory stimulation, such as seeing or hearing.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought.