A Member of the New Administration Argues That We Should

question 249

Multiple Choice

A member of the new administration argues that we should just accept the fact that all behaviour is due to our genes and that there is nothing we can do about it. This politician is guilty of

• A)empiricism
• B)genetic determinism
• C)social Darwinism
• D)behavioural thinking
• E)adaptation errors

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Definitions:

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell products, and collect cash from customers.

Financial Data

Information relating to the financial status or performance of a company, including income, expenses, assets and liabilities.

Sales On Account

Transactions where goods or services are sold and payment is deferred, creating accounts receivable for the seller.

Average Sale Period

The average time period that items remain in inventory before being sold, indicating the liquidity of inventory.