When David Is Asked to Describe His Best Friend, Josh

question 12

Multiple Choice

When David is asked to describe his best friend, Josh, he responds: "Josh is very friendly, pretty intelligent, and a really nice guy. He seems laid back, but he actually works hard at keeping up with his college classes. He's a lot of fun because he's always ready to try something new." David's description of his friend's personality would be most consistent with which of the following approaches to personality?

• A) psychoanalytic
• B) social cognitive
• C) humanistic
• D) trait

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Definitions:

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal, used in accounting to determine the value of an asset in the balance sheet.

Unrealized Loss

A decrease in the value of an investment or asset that has not been sold, hence the loss has not been realized.

Fair Value Adjustment

A correction made to the reported value of an asset or liability to align it with its market value.

Discounted Note

A debt instrument that is sold or issued for less than its face value and whose return comes from the difference between the purchase price and the face value paid at maturity.