Suppose You Buy a New Remote Control for Your Television,and

question 72

Multiple Choice

Suppose you buy a new remote control for your television,and you are having a hard time remembering where the buttons are because they are arranged differently than they were on your old remote control.This is an example of:

• A)retroactive interference.
• B)proactive interference.
• C)source amnesia.
• D)false memory.

---

Definitions:

Closing Process

The procedure at the end of an accounting period where income and expense accounts are cleared out to start the new period with a zero balance.

Revenues and Expenses

Pertains to the income generated from normal business operations and the costs incurred to generate that income, crucial for determining net profit.

Special Account

A unique account that is established for a specific purpose, often outside the regular operations or financial structure.

Retained Earnings

The portion of a company's profits that is kept or retained for reinvestment in the business, rather than being paid out as dividends.