The Primary Criteria for a Small Business's Record Keeping System

question 63

Multiple Choice

The primary criteria for a small business's record keeping system are all of these EXCEPT

• A)simplicity of use.
• B)accuracy of detail.
• C)timeliness of reports.
• D)economical in cost.

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Definitions:

Circular Thinking

A form of reasoning in which the conclusion is pre-assumed in one of the premises, often leading nowhere or to logical fallacies.

Imaging

A technique used to visualize the internal structures of the body for diagnostic purposes.

Divergent Thinking

A thought process used to generate creative ideas by exploring many possible solutions.

Availability Heuristic

An instinctive heuristic that uses the readily accessible instances that occur to someone as they assess a distinct theme, notion, strategy, or judgement.