The Term thinking Generally Refers to

question 164

Multiple Choice

The term thinking generally refers to

• A)any mental activity.
• B)a conscious, planned attempt to make sense of things.
• C)conscious or unconscious mental processes.
• D)formal reasoning and problem solving.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue.

Consuming Services

Consuming services refers to the use of services provided by businesses or individuals which are utilized and exhausted during the process, such as electricity, consulting, or maintenance services.

Generating Revenues

The process of bringing in income from business activities, sales, or services offered.

Drawing Account

An account used to track withdrawals made by the owner from the business for personal use.