Therese Is Making a Presentation in One of Her Classes

question 23

Multiple Choice

Therese is making a presentation in one of her classes.Her PowerPoint slides contain several arithmetic errors that Kathy is finding distracting.This is an example of

• A) Feedback error.
• B) encoding error.
• C) decoding error.
• D) noise.
• E) failure of cross-cultural communication.

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Definitions:

Full Disclosure Principle

An accounting principle that requires companies to provide all necessary information in their financial statements that could affect the understanding of those statements.

Competitive Advantage

The unique advantage a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Technological Innovations

New or improved technological products or processes that significantly advance the state of the art, within any field of technology.

Faithful Representation

A fundamental qualitative characteristic in accounting that ensures financial information accurately reflects an entity's transactions and events in a way that is complete, neutral, and free from error.