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Application of Skills
Directions: Apply the knowledge you have gained from Chapter 4 to select the best answer to the questions about the following reading passage.
Research Areas in Psychology
1 Although most psychologists receive broad training that provides them with knowledge about so many areas of psychology, they usually specialize when it comes to doing research. Such specialization is necessary because the subject matter of psychology has become so vast over the years. Today it is virtually impossible for anyone to stay abreast of the new research in all specialties. Specialization is also necessary because specific skills and training are required to do research in some areas.
2 The seven major research areas in modern psychology are (1) developmental psychology, (2) social psychology, (3) experimental psychology, (4) physiological psychology, (5) cognitive psychology, (6) personality, and (7) psychometrics.
-adapted from Weiten , Psychology: Themes and Variations , 7th ed., p. 19
Choose the best answer to complete the sentence. The main idea in the passage above is ________________.
Financial Status
Financial status refers to the current financial condition of an individual or entity, characterized by factors like liquidity, solvency, and overall financial health.
Cash Flows
The overall volume of financial exchanges made into and from an organization, directly impacting its ability to cover short-term obligations.
Operating Activities
Operating activities relate to the primary activities of a business involving the production and delivery of goods and services, and are reflected in the cash flows from operations in financial reporting.
Financing Activities
Transactions with creditors and investors used to fund a company through borrowing or selling equity.
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