An Instinct Is an Internal State That Arises in Response

question 270

True/False

An instinct is an internal state that arises in response to a need, such as hunger or thirst.

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Definitions:

Accrued Warranty Expense

The estimated cost of repair, replacement, or restitution that a company expects to incur under its product warranties, recognized before the actual expenses occur.

Tax Deductible

Expenses that can be subtracted from gross income to reduce taxable income.

Income Tax Rate

The percentage at which an individual or corporation is taxed on their income, varying depending on income levels and jurisdictions.

Income Taxes Payable

The amount of income tax a company owes to the tax authorities but has not yet paid.