Predispositions to Think and Respond in a Certain Way When

question 35

Multiple Choice

Predispositions to think and respond in a certain way when solving problems are called

• A) worldview constraints.
• B) rules.
• C) mental sets.
• D) functional fixedness.

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Definitions:

Dividends

Dividends disbursed to members holding shares in a corporation, generally originating from the profits of the business.

Salary Expense Accrual

An accounting practice of recognizing salary expenses incurred in a period that has not yet been paid out in order to accurately reflect the company's liabilities.

Adjusting Entries

Account keeping entries made at the period's end in accounting to distribute financial inflows and outflows to the time slot in which they really took place.

Accounting Cycle

A series of steps performed during an accounting period to analyze, record, classify, summarize, and report financial information, culminating in the preparation of financial statements.