Examlex
GASB and FASB standards are concerned only with external financial reporting; whereas, FASAB standards are concerned with both internal and external financial reporting. Do you agree with this statement? Why or why not?
Mental Effort
The amount of cognitive resources required to perform a task or understand a concept.
Introspective
A reflective process where an individual examines their own thoughts, feelings, and motives.
A Priori
Knowledge or justification that is independent of experience, typically involving logical reasoning or deduction.
Cognitive Misers
A theory suggesting individuals prefer to minimize mental effort in decision making and problem solving, relying on heuristics and shortcuts.
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