Kara Is a Very Relaxed, Easygoing Person Who Appears to Have

question 101

Multiple Choice

Kara is a very relaxed, easygoing person who appears to have all the time in the world.She is never too busy to stop and chat for a moment.Kara has which of the following?

• A)Type A personality
• B)Type B personality
• C)both Type A and Type B personalities
• D)neither Type A nor Type B personality

---

Definitions:

Lower of Cost

An accounting principle that values inventory at the lesser of its historical cost or the current market price to prevent overstating the value of assets.

Allowance Method

An accounting method that estimates and records bad debts expense by anticipating which accounts receivable will be uncollectible.

Direct Method

A way of presenting cash flows from operating activities by listing major classes of gross cash receipts and payments.

Loss Recovery

The process of recouping losses from previous investment or business activities, often by adjustments in strategy or receiving compensations.