Information That Was Either Unintentionally Committed to or Unintentionally Retrieved

question 129

Multiple Choice

Information that was either unintentionally committed to or unintentionally retrieved from memory is known as ___________ .

• A)eidetic memory
• B)procedural memory
• C)implicit memory
• D)explicit memory

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Definitions:

Economic Entity Assumption

An accounting principle that treats a company as a separate entity from its owners or shareholders for financial reporting purposes.

Economic Events

Transactions and occurrences that have a direct impact on the financial position and performance of a company, including both internal and external activities.

Sole Proprietorship

A business structure where an individual owns the company and is personally responsible for its debts.

Relevant Accounting Information

Information that is capable of making a difference in the decision-making process by being timely and having predictive and/or feedback value.