If a Business Records Expenses When Paid, the Company Is

question 80

Multiple Choice

If a business records expenses when paid, the company is using the:

• A)cash basis of accounting.
• B)accrual basis of accounting.
• C)adjustment basis of accounting.
• D)the expense basis of accounting.

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Definitions:

Motivation

The psychological forces that compel an individual to take action towards a desired objective, emphasizing the reasons for specific behaviors.

Behavior

The actions, conduct, or functions of a person or animal in response to external and internal stimuli.

Needs Hierarchy Model

A psychological theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from most to least pressing: physiological needs, safety, love/belonging, esteem, and self-actualization.

Manager

A person in charge of managing an organization or a team of employees.