Match the Definitions with the Appropriate Term

question 25

Multiple Choice

Match the definitions with the appropriate term.
-A learned motive to meet personal standards of success and excellence in a chosen area.

• A)need for achievement
• B)intrinsic motivation
• C)self-actualization
• D)self-efficacy
• E)self-fulfilling prophecy

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Definitions:

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet.

Liability

A financial obligation or debt owed by a business or individual to others, which requires settlement in the future.

Asset

Resources owned or controlled by a business, expected to produce future economic benefits.

Accounting Period

A specific period of time used for financial reporting, typically a quarter or year.