Which of the Following Is a Use of the Chart

question 3

Multiple Choice

Which of the following is a use of the chart of accounts reference file?

• A) To store data about completed transactions
• B) To determine if an account number is valid
• C) To store data about incomplete transactions
• D) To store temporary data for processing

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Definitions:

Counterfactual Thinking

The human tendency to create possible alternatives to life events that have already occurred, something akin to imagining "what might have been."

Availability Heuristic

A cognitive bias wherein individuals judge the probability of events based on how easily examples come to mind.

Representativeness Heuristic

A cognitive shortcut that involves making judgments about the probability of an event under uncertainty, based on how much it resembles the typical case.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one's own.