____ Is Defined as the Demands Exerted on Oneself by One's

question 47

Multiple Choice

____ is defined as the demands exerted on oneself by one's surroundings.

• A) Environmental press
• B) Maximum comfort
• C) Internal continuity
• D) Competence

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Definitions:

Permanent/Temporary

Permanent/temporary classification refers to the duration for which assets, liabilities, or policies are intended to last, with permanent being indefinite and temporary for a limited period.

Normal Balance

The expected debit or credit balance a particular account should hold under double-entry bookkeeping.

Financial Statement

A written record that conveys the business activities and financial performance of a company, including balance sheets and income statements.

Permanent/Temporary

Classification of accounts where permanent accounts refer to items on the balance sheet and temporary accounts to items that pertain to the income statement.