The Desire for Immediate Satisfaction and the Desire to Defend

question 76

Multiple Choice

The desire for immediate satisfaction and the desire to defend ourselves and valued others are

• A) instincts that helped our ancestors survive.
• B) factors that contribute to global social dilemmas.
• C) goals that take on special characteristics in large groups.
• D) all of the above

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Definitions:

M. Sims Capital

An account representing the owner’s equity or the funds contributed by and belonging to the owner of a company.

Income Summary

An account used in the closing process that aggregates all income and expense accounts to determine the net profit or loss.

Net Income

The total profit of a business after all expenses and taxes have been deducted from total revenue.

Owner's Capital

The amount of equity a business owner has invested in the business minus any withdrawals made from the business by the owner.