The Demands Placed on a Person by the Environment Are

question 3

Multiple Choice

The demands placed on a person by the environment are called

• A) personal resources.
• B) individual competence.
• C) environmental press.
• D) environmental stress.

---

Definitions:

360-Day Year

An accounting convention that simplifies interest calculation by assuming all months have 30 days, resulting in a 360-day year.

Interest Charged

The cost incurred for borrowing money or the amount earned on deposited funds, usually expressed as a percentage of the principal.

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.

Contingent Liabilities

Liabilities that may arise from past transactions if certain events occur in the future.