The Class Is Playing a Game of Jeopardy! and It

question 201

Multiple Choice

The class is playing a game of Jeopardy! and it is your turn."I'll take Pioneers in Psychology for $50." The revealed answer is "Focused on unconscious factors and relied on the case study method." Just before the buzzer sounds,what will you say?

• A)"Who is B.F.Skinner?"
• B)"Who is William James?"
• C)"Who is Sigmund Freud?"
• D)"Who is Max Wertheimer?"

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Expenses Closed

The process at the end of an accounting period where expense accounts are closed and their balances transferred to a summary account.

Owner's Capital

The amount of equity a business owner has invested in their firm or the net assets belonging to the owner.

Income Summary

An account used in the closing process that summarizes the revenues and expenses for a specified accounting period, facilitating the transfer of the net income or loss to owner's equity.