Which of the Following Is the Term for Guilty Act

question 41

Multiple Choice

Which of the following is the term for guilty act?

• A) mens rea
• B) actus reus
• C) corpus delicti
• D) ex post facto

Differentiate between different business organizations in terms of formation, liability, and financial risk.

Recognize the significance of ethics in financial reporting and accounting practices.

Understand the importance and duties of different external users including labor unions, potential employees, and taxing authorities.

Recognize the elements of financial statements and their importance to business operations.

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Definitions:

Recency Effect

A memory bias where the most recently presented information is remembered better than older information.

TOT Effect

The Tip-of-the-Tongue phenomenon where a person cannot fully recall a word or name, but has partial recall and a sense of imminent retrieval.

Flashbulb Memories

Highly detailed, exceptionally vivid 'snapshot' memories of the moment and circumstances in which a piece of shocking news was heard.

Emotional Impact

describes the significant affective response or effect that an event, experience, or piece of information has on an individual's mood, feelings, or emotional state.