The Feeling of Hunger That Initiates the Act of Opening

question 95

Multiple Choice

The feeling of hunger that initiates the act of opening a refrigerator for food best represents a(n)

• A)instinct.
• B)objective.
• C)drive.
• D)reflex.

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Definitions:

GAAP

Generally Accepted Accounting Principles (GAAP) are a collection of commonly followed accounting rules and standards for financial reporting.

IFRS

International Financial Reporting Standards, which are globally accepted guidelines for financial reporting established by the International Accounting Standards Board.

Perpetual Inventory System

This accounting practice immediately logs the sale or acquisition of inventory via computerized point-of-sale systems and software for managing enterprise assets.

Accounts Payable

Short-term debts or obligations a company owes to its suppliers or creditors for goods and services received.