While Mary Was Reading a Story About the Australian Outback

question 122

Multiple Choice

While Mary was reading a story about the Australian outback adventures of Billy and his dog, she had no problem visualizing the arid countryside, the unusual animals that lived there, and the various people that Billy and his dog met in their journeys. Mary is using:

• A)mental imagery.
• B)a mental set.
• C)an algorithm.
• D)a heuristic.

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Definitions:

Purchased On Account

Transactions where goods or services are bought on credit, with payment to be made at a later date.

Accounts Receivable

Amounts due to a firm from its clients for goods or services delivered but not yet compensated for.

Subsidiary Ledgers

Detailed records that contain information about specific accounts, supporting the totals recorded in the general ledger.

General Ledger

The master set of accounts that summarize all transactions occurring within an entity, providing a complete record of financial transactions over the life of the company.