Our Sensory Systems Act as Data Reduction Systems

question 426

Multiple Choice

Our sensory systems act as data reduction systems.This means that they

• A) can change one form of energy to another.
• B) transmit information to the brain in the form of codes.
• C) select and analyze information and send only the most important data to the brain.
• D) are only sensitive to a small range of sensations that will require additional interpretation by the brain.

Identify the impact of credit policies on cash flows and the cash cycle.

Recognize the effects of inventory management on the cash and operating cycles.

Understand the role of different managerial positions in influencing the company's cash flow and financial policies.

Identify the effects of payables management on the company's cash cycle.

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Definitions:

Debits Checking

The process of recording or deducting sums of money from a checking account, based on transactions made.

Credits Undeposited

Funds received by a company that have not yet been deposited into the bank account.

Vendor Transactions

Financial transactions made between a business and its suppliers/vendors, relating to the purchase of goods or services.

Enter Credit Card Charges

The act of recording expenses made through a credit card in an accounting system.