When Joe Lived Alone, He Cleaned His Apartment Every Weekend

question 63

Short Answer

When Joe lived alone, he cleaned his apartment every weekend. But last summer, he lived in a house with four other people, and in that situation, he rarely put in his fair share of cleaning. Social psychologists would say that, when he lived with others, Joe engaged in ____________________.

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Definitions:

Petty Cash Fund

A small pool of funds held for the purpose of settling small, miscellaneous bills immediately.

Miscellaneous Expense

Minor and irregular costs that do not naturally fit into other designated categories of expenses in financial accounting.

Incidentals

Minor or secondary expenses or costs that may occur in addition to the primary expenses.

Cash Burn

The rate at which a company spends its capital to finance overhead before generating positive cash flow from operations.