On a Popular Quiz Show,contestants Are Asked to Match the Audience

question 4

Multiple Choice

On a popular quiz show,contestants are asked to match the audience in naming certain items.One contestant,when asked to "name a type of vehicle," replied "elevator!" The audience groaned,because they knew that the contestant was pretty far off the mark.The contestant should have picked a vehicle that was closer to a _________ for vehicles to match the audience's response.

• A)formal concept
• B)natural concept
• C)fuzzy concept
• D)prototype

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Definitions:

Adjusting Journal Entries

Entries made in accounting records to update balances at the end of an accounting period before financial statements are prepared.

Adjusted Cash Balance

A financial metric that reflects the amount of cash available after adjustments, often related to reconciling book and bank records.

Petty Cash Fund

A small amount of cash on hand used for minor or incidental expenses within a business.

Custodian

An individual or entity responsible for safeguarding assets, such as cash or securities, ensuring their safekeeping and proper use.