Closing One's Eyes, So One Does Not Need to Look

question 80

Multiple Choice

Closing one's eyes, so one does not need to look at a desired (but forbidden) object, is a good way to increase one's ____.

• A)self-awareness
• B)tendency to engage in self-defeating behavior
• C)capacity to delay gratification
• D)learned helplessness

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Definitions:

Period-To-Period Consistency

An accounting principle ensuring the application of the same accounting methods and principles from one period to the next to ensure financial comparability.

Debits

Accounting entries that increase assets or expenses or decrease liabilities or equity on a company's balance sheet.

Credits

Accounting entries that increase liabilities or equity or decrease assets, representing the opposite effect of debits in the double-entry bookkeeping system.

Contra Account

An account used in the general ledger to reduce the value of a related account when the two are netted together.