​Match Each of the Following Scenarios with the Concept It

question 1

Multiple Choice

​Match each of the following scenarios with the concept it most clearly illustrates.
-social loafing

• A)​Dave doesn't usually get along with the other members of his marketing team, but when a huge deadline is unexpectedly pulled forward by one week, the team comes together, supports each other, and works together to get the project done.The experience brings them closer.
• B)Sarah knows that because her team has a lot of high achievers, she doesn't have to volunteer for any of the extra tasks her team is assigned -- somebody else will get them done.
• C)Dina is a math teacher.Although she is technically "just another teacher," the respect that she commands from the other teachers usually means that projects won't go through without her approval.

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Definitions:

Accounting Equation

The fundamental principle of accounting that states assets equal liabilities plus owner's equity, providing the basis for double-entry bookkeeping.

Electric Bill

A monthly statement that quantifies and charges for electricity consumption.

Balance Sheet

A financial statement showing a company's assets, liabilities, and shareholders' equity at a specific point in time.

Total Assets

The sum of all assets owned by a company at a given time, including current, fixed, and intangible assets.