A Comparison of Bookkeeping and Accounting Indicates That

question 33

Multiple Choice

A comparison of bookkeeping and accounting indicates that

• A) the two are virtually the same in practice.
• B) bookkeeping involves recording financial information, while accounting is concerned with classifying, summarizing, and interpreting this information.
• C) bookkeeping is more useful for small businesses while accounting is more useful for large businesses.
• D) accounting is a subsystem of the process of bookkeeping.

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Definitions:

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, which can become a distressing disorder when excessive.

Unconditioned Stimulus

In conditioning, a stimulus that naturally and automatically triggers a response without prior learning.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Neutral Stimulus

A neutral stimulus is something in the environment that initially does not elicit any intrinsic response until it is paired with an unconditioned stimulus.