Environmental Determinism Says That the Environment 'Determines' Peoples' Actions

question 31

Multiple Choice

Environmental determinism says that the environment 'determines' peoples' actions.How does 'possibilism' vary from this?

• A)Anything is possible out in the environment.
• B)Most cultural alternatives are not possible.
• C)What is possible is not probable.
• D)Environmental effects lead to different possible results.

Determine the amount of principal paid off with structured payments over a specified period.

Understand the impact of compound interest on loans and amortization calculations.

Understand the advantages and disadvantages of the corporate form of business organization.

Recognize the role of financial information in decision making and identify characteristics that make it relevant.

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Definitions:

Goodwill Allocation

The process of assigning the value of goodwill, an intangible asset, to different business units within a company.

Fair-Value

Fair-Value is the estimated market value of an asset or liability, based on current market conditions rather than historical cost.

Acquisition Method

A set of procedures used in accounting to consolidate the financial statements of two companies in the event of a merger or acquisition.

Pre-Acquisition Income

The earnings generated by a company before it was acquired by another entity.