Which dimension of personality from the Big Five model focuses on being curious, creative, and receptive to new ideas?
A. openness to experience
B. conscientiousness
C. neuroticism
D. extroversion
A. openness to experience
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All of the following are external events (transactions) except for
a. a department store recognizing losses from shoplifting. b. a department store running ads in a local newspaper. c. a department store purchasing merchandise from a clothing manufacturer. d. a department store selling clothing to customers on credit.
Producers and resellers perform the same function in the business marketplace
Indicate whether the statement is true or false
The FIFO inventory method assumes that costs for the latest units purchased are the first to be charged to the cost of goods sold.
Answer the following statement true (T) or false (F)
When a firm constructs its own buildings or equipment:
a. it recognizes the labor, material, and overhead costs incurred as an asset. b. U.S. GAAP and IFRS require firms to include, or capitalize, interest costs during construction in the cost of a self-constructed asset. c. it recognizes the labor, material, and overhead costs incurred as a period expense. d. U.S. GAAP and IFRS require firms to expense interest costs incurred during construction of a self-constructed asset. e. both choices a and b are correct.