Instead of Mentally Representing the Digits 1298 as "One,two,nine,and Eight

question 142

Multiple Choice

Instead of mentally representing the digits 1298 as "one,two,nine,and eight," they can be represented as twelve and ninety-eight.What is this process called?

• A) consolidation
• B) chunking
• C) reconstruction
• D) relearning

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Definitions:

Dividends Declared

Refers to the announcement by a company's board of directors of the payment of a dividend to shareholders, specifying the size and date of the payment.

Adjusted Trial Balance

A financial statement listing all accounts and their final balances after adjusting entries are made, ensuring the total debits equal total credits.

Adjusting Entries

Bookkeeping entries recorded at the close of a fiscal period to assign earnings and outlays to the timeframe in which they happened.

Adjusting Entries

Accounting records created during a period's close to distribute revenues and expenses to their rightful temporal occurrences.