Broad Concepts or Guidelines and Detailed Practices That Together Make

question 23

Multiple Choice

Broad concepts or guidelines and detailed practices that together make up accepted accounting practice at a given time are referred to as:

• A) accounting rules and regulations
• B) GAAP
• C) IRS regulations
• D) accounting conventions

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Definitions:

Adler

Alfred Adler was an Austrian medical doctor and psychotherapist, founder of Individual Psychology, which emphasizes the importance of feelings of inferiority and the creative self in shaping personality.

Behaviourist Theory

A psychological approach focusing on observable behaviours and external stimuli, while discounting internal states like thoughts and emotions.

Reinforcement

In behavioral psychology, it refers to a stimulus or event that increases the likelihood of the recurrence of a particular behavior.

Punishment

A negative consequence applied following an undesired behavior to decrease the likelihood of that behavior occurring again.