Which of the Following Is True of Psychology

question 67

Multiple Choice

Which of the following is true of psychology?

• A)It takes society rather than an individual as its point of departure.
• B)It traces its origins to philosophy and the science of physiology.
• C)It enhances our understanding of the design of work.
• D)It includes the design, implementation, and management of various administrative and organizational systems.

Understand various methods of gaining admittance to a partnership.

Understand and apply the principles of adjusting entries in accounting.

Calculate expenses and revenues accurately based on provided data.

Prepare adjusting journal entries for various accounting scenarios.

---

Definitions:

Divisions

Distinct business units or sections within a company, each responsible for certain aspects of the organization's operations.

ROI

Return on Investment; a performance measure used to evaluate the efficiency of an investment by comparing the amount of return relative to the investment's cost.

Residual Income

The income that remains after deducting all required costs of capital from the net operating income.

Investment Centers

Divisions or units within an organization that are responsible for both generating revenue and controlling costs, thus having an impact on the investment returns.