According to ERG Theory,the _____________ Is the Idea That a Lower-Level

question 37

Multiple Choice

.According to ERG theory,the _____________ is the idea that a lower-level need reactivates when we are unable to satisfy a higher-level need.

• A) deficit principle
• B) frustration-regression principle
• C) progression principle
• D) law of effect
• E) law of valence

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Definitions:

Current Assets

Current assets are assets that a company expects to convert into cash, sell, or consume through the normal operations of the business within one year or one business cycle, whichever is longer.

Balance Sheet

A Balance Sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Assets

Resources owned by a company that have economic value and can provide future benefits.

Correcting Entry

A journal entry made to amend an error in the financial statements.