Tracy Has an Important Test Tomorrow

question 65

Multiple Choice

Tracy has an important test tomorrow. She knows she should study for the test but she really wants to go to Greg's party. However, when she considers not studying and going to the party she feels guilty. Tracy therefore decides to stay home and study for the test. According to psychoanalytic theory, Tracy's

• A) ego won out over her superego.
• B) superego won out over her id.
• C) id won out over her superego.
• D) ego won out over her id.

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Definitions:

Statement of Cash Flows

The statement of cash flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Balance Sheet

A report detailing a company's assets, liabilities, and equity of shareholders at a given moment.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation, often held to reissue or retire the shares.

Investing Activity

Any use of a company's cash or resources to invest in capital assets, such as stocks, bonds, or physical properties, with an expectation to earn a return.