The Tendency to Base Decisions on Information That Most Readily

question 41

Multiple Choice

The tendency to base decisions on information that most readily comes to mind is

• A)framing.
• B)mental set.
• C)the availability heuristic.
• D)the representativeness heuristic.
• E)convergent thinking.

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Definitions:

Supplies Expense

Expenditures related to consumable supplies used in the operating activities of a business during a specific period.

Dividends

Payments made by a corporation to its shareholder members. It's often quoted as the amount each share receives (dividends per share).

Unearned Rent

Income received for rent before the rental period has occurred, recorded as a liability until the period passes.

Adjusted Trial Balance

A listing of all the accounts and their balances after adjustments have been made, used to prepare financial statements.