Which One of the Following Teacher Statements Reflects an Entity

question 66

Multiple Choice

Which one of the following teacher statements reflects an entity view of ability?

• A) "Phoebe is one of the brightest students I know."
• B) "If you keep practicing something, you'll get better at it."
• C) "The more you know about a topic, the more quickly and easily you can learn new things about it."
• D) "If at first you don't succeed, try, try again."

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Definitions:

Trial Balance

A worksheet for accounting purposes that gathers all ledger account balances into credit and debit columns to confirm that a company's financial records are mathematically precise.

Assets

Resources owned or controlled by a business, expected to bring future economic benefits.

Capital

It refers to financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.

Revenue

The total income generated from normal business operations, including sales of products and services before any expenses are subtracted.