The Intake of Information from the Surrounding Environment, and the Way

question 93

Multiple Choice

The intake of information from the surrounding environment, and the way each of us gives this information meaning, are referred to as

• A) sensation.
• B) perception.
• C) learning.
• D) development.

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Definitions:

Income Ratio

A financial metric that compares various income streams of a business to a key metric such as sales, to evaluate performance.

Prepaid Expenses

Payments made in advance for goods or services to be received in the future, recorded as assets on the balance sheet until they are consumed or used.

Indirect Method

A method of presenting the operating activities section of the statement of cash flows that adjusts net income to compute cash flows from operating activities.

Net Income

The net income of a company, which is the remaining amount of total revenue after deducting all expenses and taxes.