The Economic Entity Assumption Requires That the Activities of an Entity

question 65

True/False

The economic entity assumption requires that the activities of an entity be kept separate and distinct from the activities of its owner and all other economic entities.

---

Definitions:

Ergs

In psychology, often considered a non-standard term, but in physical measurement, it's a unit of energy or work in the centimeter-gram-second (CGS) system. NO.

Motivating Traits

Characteristics within an individual that drive them to act or pursue goals energetically and persistently.

Disgust

Disgust is an emotional response of revulsion or strong disapproval aroused by something unpleasant or offensive.

Dynamic Traits

Personality characteristics that are adaptive and change in response to different environments or situations.