Which Type of Value Reflects How We Want to Accomplish

question 113

Multiple Choice

Which type of value reflects how we want to accomplish what we want to accomplish?

• A) intrinsic
• B) ​extrinsic
• C) ​primary
• D) ​terminal
• E) ​instrumental

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Definitions:

Expanded Purchases Journal

A detailed record used in accounting to track all purchase transactions, including more comprehensive data than a standard journal.

Accounts Payable

A liability to a creditor, usually for purchases of goods and services.

Inventory

Materials and products a business holds for the purpose of sale or production.

General Journal

The primary bookkeeping ledger where all financial transactions of a business are initially recorded, prior to being posted to specific accounts.