Imagine That the Editor of Your Local Newspaper Writes a Column

question 163

Multiple Choice

Imagine that the editor of your local newspaper writes a column supporting a reduction in government intervention with a transfer of more rights to individual citizens.The editor bases this argument on the assumption that people are rational beings who will fulfill their maximum potential as long as others do not infringe on their basic human needs.This editor's views reflect those seen in

• A) the evolutionary perspective.
• B) the humanistic perspective.
• C) the psychodynamic perspective.
• D) the behavioral perspective.

---

Definitions:

Geographic Segment

A part of a business that operates in a specific geographical area that is significant enough to require separate financial reporting.

U.S. GAAP

Short for United States Generally Accepted Accounting Principles, it represents the framework and specific rules for financial accounting and reporting in the U.S.

Gross Profit

The difference between revenue and the cost of goods sold, representing the amount before operating expenses, interest, and taxes are deducted.

LIFO Method

The Last In, First Out method for inventory valuation where the most recently produced or purchased items are the first to be expensed.