ABC Is a Company That Commenced Business on 1 January

question 18

Multiple Choice

ABC is a company that commenced business on 1 January 2019. Below are the balances in the 30 June 2019 financial statements. What is the balance of liabilities?

• A) $7 000
• B) $9 000
• C) $15 000
• D) None of the above

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Definitions:

Abraham Maslow

Abraham Maslow was an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Drive Theories

Drive theories refer to psychological concepts suggesting that behavior is motivated by the desire to meet basic biological needs or to reduce drives stemming from these needs, such as hunger or thirst.

Skeptical

Having an attitude of doubt or a disposition towards incredulity either in general or toward a particular object.

Need to Belong

An inherent human drive to form and maintain strong, stable interpersonal relationships.