Examlex
Depreciation expense is not a source of cash; however,it is added to net income when determining net cash flow from operations under the indirect method.
Heuristics
Mental shortcuts that allow people to solve problems and make judgements quickly and efficiently.
Availability Heuristic
Availability heuristic is a mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
Anchoring and Adjustment
A psychological heuristic where initial information serves as a reference point for subsequent judgments and decisions.
Satisficing
is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.
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