The Matching Principle Is Also Called the ________

question 133

Multiple Choice

The matching principle is also called the ________.

• A) adjusting entry concept
• B) revenue recognition principle
• C) expense recognition principle
• D) time period concept

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Definitions:

Cocktail Party Effect

The ability to focus on one auditory input while filtering out a vast range of other stimuli, as when listening to one conversation in a noisy room.

Inattentional Blindness

A psychological lack of attention that is not associated with vision defects or deficits, causing individuals to fail to perceive an unexpected stimulus that is in plain sight.

Dual Processing

The principle that our mind operates on two levels simultaneously, conscious and unconscious thinking.

Selective Attention

The cognitive process by which a person focuses on one particular item or task while ignoring other stimuli.