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Sally tends to be shy when she is in class, when she is with friends in her dorm, and also when she is home with her family. This example best demonstrates one of the factors that shapes our notions of personality called the concept of behavioural _____________.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance based on the accounting rules.
Temporary/Permanent
Categories used to distinguish assets, liabilities, and equity items based on their duration in financial statements; temporary items fluctuate regularly while permanent items typically remain constant over time.
Principal
The original sum of money borrowed in a loan, or the amount of the investment that is actually made.
Total Liabilities
The sum of all debts and financial obligations a company owes to outside parties, including loans, accounts payable, and bonds payable.
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