Despite Growing Up in the Same Home Environment,Karen and Her

question 14

Multiple Choice

Despite growing up in the same home environment,Karen and her brother John have personalities as different from each other as two people selected randomly from the population. Why is this so?

• A)Personality is inherited. Because Karen and John are not identical twins,it is not surprising they have very different personalities.
• B)Gender is the most important factor in personality. If Karen had a sister,the two of them would probably be much more alike.
• C)The interaction of their individual genes and nonshared experiences accounts for the common finding that children in the same family are usually very different.
• D)Their case is unusual; children in the same family usually have similar personalities.

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Definitions:

Pooling Method

A method used in accounting for business combinations where the assets and liabilities of the combining companies are simply pooled together and recorded at historical cost.

Recognition Differences

Discrepancies that occur when financial transactions are recognized at different times or amounts in financial statements.

Financial Reporting

Financial reporting involves the disclosure of financial information to the various stakeholders about the financial performance and position of an organization over a specific period.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.