People Are Born with Needs for Certain Elements That Are

question 119

Multiple Choice

People are born with needs for certain elements that are necessary to maintain life: food, water, air, and shelter. These needs are called:

• A) a priori needs.
• B) biogenic needs.
• C) psychogenic needs.
• D) actualization needs.

Recognize the significance of ethics in financial reporting and accounting practices.

Understand the importance and duties of different external users including labor unions, potential employees, and taxing authorities.

Recognize the elements of financial statements and their importance to business operations.

Understand the concept of assets, liabilities, and shareholders' equity and their significance in accounting.

---

Definitions:

Across States

Refers to activities, regulations, or issues that span multiple states within a country, often requiring coordination among them.

Bureaucratic Accountability

The principle that bureaucrats and administrative agencies must be answerable for their actions and decisions to higher authorities, the law, and ultimately the public.

Congressional Action

Congressional action refers to the legislative activities undertaken by the United States Congress, including drafting, debating, and passing laws, as well as oversight of the executive branch.

Oversight

Supervision or monitoring of actions, processes, or systems to ensure they meet certain standards or objectives.