__________ Are Comfortable with Abstraction and Unstructured Situations

question 81

Multiple Choice

__________ are comfortable with abstraction and unstructured situations. They tend to be idealistic, prone toward intellectual and theoretical positions, and are logical and impersonal.

• A) Sensation feelers
• B) Intuitive thinkers
• C) Sensation thinkers
• D) Intuitive feelers

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Definitions:

Accrual Basis

A bookkeeping approach that recognizes income and expenses at the time they are accrued, rather than when the actual cash transaction occurs.

Adjustments

Modifications made to accounting entries to correct errors or allocate revenues and expenses to the appropriate accounting period.

Match Expenses

The accounting principle that requires expenses to be recorded in the same accounting period as the revenues that are earned as a result of those expenses.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.