Which One of the Following Statements Is True

question 176

Multiple Choice

Which one of the following statements is true?

• A)External events (transactions)involve interactions between an entity and a party outside the entity.
• B)Every event or transaction that affects an entity is identified from a source document.
• C)All economic events can be reliably measured.
• D)The movement of raw materials into production is an external event.

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Definitions:

Morning Person

An individual who feels more awake, alert, and productive during the morning hours compared to other times of the day.

Scapegoat Theory

The idea that blaming problems and misfortunes on outgroups contributes to negative attitudes toward these outgroups.

Confirmation Bias

The inclination to seek out, understand, prefer, and remember data in a manner that affirms an individual's existing notions or assumptions.

Self-Serving Bias

A cognitive bias that causes individuals to attribute their successes to internal or personal factors while attributing failures to external or situational factors.