This Type of Thinking Involves Fluency and the Ability to Generate

question 11

Multiple Choice

This type of thinking involves fluency and the ability to generate a multitude of ideas from numerous perspectives.

• A)Creative thinking
• B)Human thinking
• C)Divergent thinking
• D)Structural thinking
• E)Convergent thinking

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Definitions:

Amortization Expense

The periodic expense recognized in the financial statements as the cost of an intangible asset is systematically allocated over its useful life.

Statement Of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company.

Direct Method

A cash flow statement presentation method that enumerates major categories of gross cash receipts and payments.

Indirect Method

A way to report net cash flow from operating activities in the statement of cash flows by starting with net income and adjusting for non-cash transactions.