Which Is an Example of an Erroneous Belief That May

question 101

Multiple Choice

Which is an example of an erroneous belief that may arise from subjective, informal hypothesis testing?

• A) Heredity most likely plays a larger role in determining intelligence than does environment.
• B) Average intelligence test scores have improved steadily in Western industrialized countries.
• C) Mental telepathy is an extension of our sensory abilities.
• D) More people die from diabetes than from airplane crashes.

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Definitions:

Cash Balance Per Books

The amount of cash shown in a company’s financial records at a specific point in time, which may differ from the actual cash balance due to outstanding transactions.

Petty Cash Fund

A small amount of cash kept on hand for covering minor and incidental expenses in a business, managed through a petty cash system.

Journal Entry

An official written record that represents a transaction in accounting, used to transfer information to the general ledger.

Cash Short and Over

An account that tracks discrepancies between the expected cash amount and the actual amount received or disbursed.