Which of the Following Is Not a Use of Accounting

question 26

Multiple Choice

Which of the following is not a use of accounting information?

• A)It helps uses make decisions relating to the business.
• B)It reduces uncertainty about the business's financial position.
• C)It helps answer questions about availability of funds to meet the business's obligations.
• D)It can accurately predict future profits.

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Definitions:

Long-term Memory

A type of memory that can store an unlimited amount of information for a potentially indefinite length of time.

Sensory Memory

The shortest-term element of memory, it allows the ability to retain impressions of sensory information after the original stimuli have ended.

Chunking

Chunking is a cognitive strategy for organizing information into manageable units or chunks, making it easier to process and remember.

7 Plus or Minus 2 Rule

A cognitive principle suggesting that the average person can hold 5 to 9 items in their working memory.