The Most Accurate View of Intuition Is That It

question 92

Multiple Choice

The most accurate view of intuition is that it

• A)is acquired more quickly by people whose careers span several unrelated industries.
• B)does not really exist.
• C)is a trait that people acquire mainly through heredity.
• D)is the ability to know when a problem or opportunity exists and select the best course of action without conscious reasoning.
• E)is more likely to be found in men than women.

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Definitions:

Owners' Equity Accounts

Accounts that reflect the owners' stake in the company, including capital contributed and retained earnings minus any drawings or distributions to the owners.

Balance Sheet

A snapshot in financial reporting that captures a company's resources, owed amounts, and the value belonging to its shareholders at a distinct instant.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life evenly, resulting in a consistent expense charge over each period.

Double-Declining-Balance Depreciation

A method of accelerated depreciation in which an asset's book value is reduced at double the rate of its straight-line depreciation.