Jason Has Been Unemployed for Three Months

question 92

Multiple Choice

Jason has been unemployed for three months. When his wife asked him why he was not looking for a job, Jason responded, "If I am lucky, I will get my old job back." Jason would be considered as having a(n) :

• A) external locus of control.
• B) high conscientiousness.
• C) sensation and intuition type personality.
• D) internal locus of control.
• E) high Mach attitude.

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Definitions:

Machine Sales

Transactions involving the selling of machinery, which can be a significant source of revenue and profit for manufacturing and equipment companies.

Modified Cash Basis

An accounting method that combines elements of both cash and accrual accounting techniques.

Warranty Expense

Costs recognized by a company in accordance with its policy to repair or replace defective products during a warranty period.

Matching Concept

The Matching Concept in accounting states that expenses should be matched with the revenues that they helped to generate, in the same reporting period.