Demitri Knew If He Wanted to Finish His Doctoral Degree

question 65

Multiple Choice

Demitri knew if he wanted to finish his doctoral degree by the end of the term he would have to re-prioritize his time. The first thing he committed to do was setting a daily schedule and then sticking to it. He even planned a little margin in each day for any urgent items that might come up. Which habit is he practicing?

• A) habit 1: be proactive
• B) habit 2: begin with the end in mind
• C) habit 3: put first things first
• D) habit 4: think win-win

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Definitions:

Multiple-Step Income Statement

An income statement format that separates operating transactions from non-operating transactions, providing a detailed analysis of revenue and expenses.

Casualty Loss

A loss resulting from sudden, unexpected, or unusual events such as accidents, natural disasters, or theft, often deductible for tax purposes.

Net Sales

The financial income a business earns from sales activities, minus the deductions for returns, damaged or lost items allowances, and discounts.

Gross Profit

The financial gain obtained after deducting the cost of goods sold from total sales revenue.