Attributions Are

question 194

Multiple Choice

Attributions are:

• A)reasons people make for why they and others do what they do.
• B)innate personality traits.
• C)genetic predispositions to behave a certain way.
• D)physical qualities people have such as attractiveness.

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Definitions:

Discretionary Accounting

The practice of using judgment in financial reporting and making decisions on accounting policies where alternatives exist.

Covenant Violations

Occurrences when a borrower fails to meet the terms of a loan agreement, potentially leading to penalties or loan default.

Current Ratio

A financial metric that evaluates a firm's capacity to settle debts due within a year by comparing its current assets to its current liabilities.

Accounting-Based Covenants

Agreements or clauses within contracts that require a borrower to meet certain financial metrics or conditions, based on accounting figures.