Since Financial Information Is Communicated in Accounting Terms and Is

question 10

Multiple Choice

Since financial information is communicated in accounting terms and is the eyes and ears of management,accounting is said to be

• A) the language of business.
• B) public.
• C) private.
• D) nonprofit.

---

Definitions:

Meaningful Units

Fundamental components of language or information that carry significance and help in understanding the whole.

George Miller

A psychologist best known for his theory that the average number of objects an individual can hold in short-term memory is 7 ± 2.

Magic Number

A concept in cognitive science referring to the short-term memory capacity of about seven items (plus or minus two).

Auditory Traces

Memory traces of auditory information that are believed to persist in the brain for a brief period after the auditory stimulus has ended.