While Studying for an Exam, Paul Worked for 15 Minutes

question 146

Multiple Choice

While studying for an exam, Paul worked for 15 minutes before becoming tired. He decided that it would be better to work for another 30 minutes before taking a break. His behaviour is being guided by which part of his mind?

• A)Id
• B)Ego
• C)Superego
• D)Conscience

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Definitions:

Expense

is an outflow of cash or other valuable assets from a person or company to another entity, representing the cost of operations or services rendered.

Debit Columns

Sections in financial statements where increases in assets or expenses or decreases in liabilities, equity, or income are recorded.

Credit Columns

Sections in accounting ledgers or financial statements that record amounts which reduce the balance of an account.

Net Loss

A financial situation where a company's expenses exceed its revenues during a specific period, leading to a negative net income on the income statement.