Mike Loves Q-Mart and Shops There Often

question 20

Multiple Choice

Mike loves Q-Mart and shops there often.One day,another customer asked Mike if he knows where turkey basters are in the store.Mike immediately gives directions to the exact aisle,even though he has never looked for turkey basters himself.Mike has displayed ____.

• A) insight
• B) vicarious experience
• C) latent learning
• D) the rectangular bias

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Definitions:

Income Statement Accounts

The accounts that report the revenues, expenses, gains, and losses of a company, which are used to calculate the net income on the income statement.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check for accuracy.

List of Accounts

A comprehensive list that includes all of a company's accounts and account numbers used within its accounting system.

Account Balances

The amount of money in a financial repository, such as a checking account, at any given moment.