Which Accounting System Requires the Least Initial Expense and Training

question 28

Multiple Choice

Which accounting system requires the least initial expense and training to set up and use?

• A)Double-entry
• B)Peg-board
• C)Single-entry
• D)There is very little difference among the three.

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Definitions:

Placebo Effects

Psychological or physiological responses seen in individuals receiving an inert treatment, attributed to the belief in the treatment’s efficacy.

Placebo Effect

is a beneficial effect produced by a placebo drug or treatment, which cannot be attributed to the properties of the placebo itself, and must therefore be due to the patient's belief in the treatment.

Therapy

The treatment of physical, mental, or psychological disorders through methods including counseling, medication, or other health care interventions.

Expectation

The belief or anticipation that something will happen or be the case in the future.