A Behavioral Assessor Is Using the SORC Model to Describe

question 45

Multiple Choice

A behavioral assessor is using the SORC model to describe a client's problem.The client is a child who frequently throws tantrums in stores.The child's parent often gives in to the child's demands for new toys to end the tantrum.Getting a new toy should be listed under

• A) S.
• B) O.
• C) R.
• D) C.

Identify and classify current liabilities on a balance sheet.

Differentiate between short-term investments and long-term investments.

Understand the concepts of fair market value and historical costs in balance sheet accounts.

Comprehend the definition and components of current assets and the operating cycle.

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Definitions:

Break-Even Sales

The amount of revenue from sales needed to cover all fixed and variable expenses, at which point a business neither profits nor loses money.

Contribution Margin Ratio

A financial metric indicating the portion of sales revenue that is not consumed by variable costs, represented as a percentage of total sales.

Monthly Fixed Expense

Regular, unchanging expenses that occur on a monthly basis, such as rent or salaries, regardless of business activity levels.

Target Profit

The amount of net income a company aims to achieve for a specified period as part of its financial and operational goals.