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In this selection Churchland examines functionalism and the two prominent versions of materialism in philosophy of mind. Reductivism claims that there is an identity of mental states with brain states. Functionalism rejects any one-to-one correlation between mental types and physical types and concentrates on the relationship between inputs and outputs. For example, the mental event of pain could be similar in two beings that have altogether different types of bodies and brains. Most functionalists are materialists, but someone could be a functionalist and be a nonmaterialist. Eliminative materialism is more radical than either of these other theories and seeks to eliminate "folk psychology"-talk of beliefs, feelings, and perceptions-in favor of more scientific descriptions of what is going on in the brain. Churchland concludes that the truth may be a combination of the two materialist theories, although the evidence points more in the direction of eliminativism.
-In Smart's view, there are no sensations.
Liquidity of Receivables
The ease with which accounts receivable can be converted into cash, reflecting the company's efficiency in managing credit sales.
Accounts Receivable
Financial obligations that clients have towards a company for goods or services delivered but still awaiting payment.
Bank Reconciliation
The process of comparing and adjusting an entity’s accounting records with the bank statements to ensure accuracy and consistency.
Monthly Basis
A regular interval or frequency of events or assessments occurring once every month.
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