Accounting Can Help Your Business in All of the Following

question 110

Multiple Choice

Accounting can help your business in all of the following ways except:

• A)by revealing whether you made a profit.
• B)by permitting you to play what-if games to determine your profit under different assumptions.
• C)by legalizing your financial records.
• D)by showing the value and sources of your assets.

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Definitions:

Cognitive Skills

Abilities related to the process of knowing, including aspects such as awareness, perception, reasoning, and judgment.

Robert Siegler

An American psychologist known for his work in children's cognitive development, particularly in the areas of mathematical understanding and strategy choice.

Recognition

The action or process of acknowledging or honoring someone's status, achievements, rights, or existence, often as a form of validation or respect.

Recall

The cognitive process of retrieving information or memories from one’s past, unaided by explicit cues.