The Two Types of Accounting Are

question 152

Multiple Choice

The two types of accounting are:

• A)profit and nonprofit.
• B)financial and managerial.
• C)internal and external.
• D)bookkeeping and decision-oriented.

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Definitions:

Recency Effect

The tendency to remember and place more importance on the most recently presented information or experiences.

High Distinctiveness

A feature or attribute that makes an individual or object stand out significantly from others in the same category or context.

Kelley's Covariation Model

A theory in psychology that describes the way people assign reasons to events by evaluating the event's consistency, distinctiveness, and the level of agreement among observers.

Internal Factor

Psychological or physiological conditions within an individual that influence their behaviors and decisions.