An Internal Condition of Arousal That Directs a Person to Satisfy

question 69

Multiple Choice

An internal condition of arousal that directs a person to satisfy a physiological need is called

• A) a drive.
• B) expectancy.
• C) a survival motive.
• D) homeostatic deficiency.

Understand the process and accounting entries required for partnership liquidation, including asset realization and liability settlement.

Analyze the effect of errors in partnership accounting on capital accounts and overall partnership equity.

Grasp the implications of partnership dissolution, including reasons for termination and the steps involved in winding up a partnership.

Understand the concept of bonus payments within partnerships and its impact on capital accounts and partnership equity.

---

Definitions:

Remaining Cash

The amount of cash a business has available after all expenses and liabilities have been paid.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and profit and loss distribution among partners in a business venture.

Contract Between Partners

A legal agreement that outlines the rights, responsibilities, and share of profits/losses among partners in a partnership.

Distribution Of Remaining Cash

The allocation of left-over cash to shareholders or for other corporate purposes after settling all obligations and investments.