Hannah was embarrassed when her friends teased her about dancing on a table on Friday night. She tried to tell her friends that she really is quite introverted and shy
Her friends observed that Hannah does not appear shy when she is out on a weekend evening. Which of the following statements is most applicable in understand Hannah's personality?
A) Personality is a set of consistent traits that do not change from one environment to the next. Either Hannah or her friends are wrong in their observations.
B) Hannah's personality is a unique psychological makeup that consistently influences behavior within a certain environmental situation. Although behavior will be consistent within consistent environments, it does not have to be consistent between environments.
C) Personality is a hypothetical construct that grows stronger with age. Hannah will likely be extroverted for the rest of her life.
D) Hannah's behavior on a weekend night is due to Freudian problems with her superego.
B
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The journal entry a company uses to record pension rights that have notbeen funded for its salaried employees atthe end of the year is
a. debit Salary Expense; credit Cash b. debit Pension Expense; credit Unfunded Pension Liability c. debit Pension Expense; credit Unfunded Pension Liability and Cash d. debit Pension Expense; credit Cash
A steady state is a situation in which the key variables in the model
A. are constant or else growing at a constant rate. B. are growing at a decreasing rate. C. are endogenous. D. measure zero.
Which of the following statements is not true?
a. A review of financial statements, including the notes, will indicate how conservative the statements are in regard to accounting policies. b. Accounting policies that result in the slowest reporting of income are the most conservative. c. When a firm has conservative accounting policies, it is said that its earnings are of high quality. d. Under inflationary conditions, the least conservative inventory method is fifo. e. Conservative accounting policies always result in the lowest reported income for any given period of time.
________ is a general rule of corporate law that provides that generally shareholders are liable only to the extent of their capital contributions for the debts and obligations of their corporation and are not personally liable for the debts and
obligations of the corporation. A) Limited-purpose clause B) Limited liability of shareholders C) Preferred shareholder rule D) Nonparticipating shareholder rule