Automatic Changes in the Body That Occur in Order to Return

question 229

Multiple Choice

Automatic changes in the body that occur in order to return the body to its normal state reflect:

• A) drive-reduction.
• B) positive feedback.
• C) homeostasis.
• D) an instinct.

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Definitions:

Current Assets

Holdings that are projected to be liquidated, traded, or used up within twelve months or over the course of the operating cycle, depending on which timeframe is more extended.

Current Liabilities

Financial obligations or debts that a company is expected to settle within one year or within its operating cycle.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the books for the next period.

Depreciation Expense

This is an accounting method used to allocate the cost of a tangible asset over its useful life.