The Reserve for Encumbrances Account Is Properly Termed a

question 29

Multiple Choice

The Reserve for Encumbrances account is properly termed a

• A)Budgetary account.
• B)Reservation of fund balance.
• C)Current liability if paid within a year; otherwise a long-term debt.
• D)Long-term liability.

---

Definitions:

Stroop Effect

A demonstration of interference in the reaction time of a task, such as identifying the color of a word when the word itself indicates a different color.

Automatization

The process by which tasks become automatic through practice, requiring less cognitive effort.

Concept

An abstract idea or a general notion that represents something in the mind, forming the foundation of thought and knowledge.

Stroop Effect

A demonstration of cognitive interference where the brain's reaction time slows down when the color of words on a test and their meaning differ.