The _____ Refers to Our Conscience,or Beliefs About What We

question 112

Multiple Choice

The _____ refers to our conscience,or beliefs about what we are obligated to do,while the _____ refers to our beliefs about what we would like to accomplish and become.

• A)ideal self;ought self
• B)ought self;ideal self
• C)ego;looking-glass self
• D)looking-glass self;ego

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Definitions:

Operating Profit

A measure of profit that reflects the income earned from the business’s core operations, excluding any costs and revenues from non-operating activities.

Operating Segments

Components of an enterprise that engage in business activities earning revenues and incurring expenses, including revenues and expenses related to transactions with other components of the same enterprise.

LIFO Method

An inventory valuation method that assumes the last items placed in inventory are the first sold during an accounting period, known as Last-In, First-Out.

FIFO Method

An inventory valuation method (First In, First Out) where the oldest items of inventory are recorded as sold first, with costs of the earliest goods purchased being the first to be recognized in determining cost of sales.