The Five-Factor Model Has Been Criticized Because

question 17

Multiple Choice

The five-factor model has been criticized because

• A)it lacks a research tradition.
• B)it may not include some important traits.
• C)it lacks circumplex structure.
• D)most factors do not replicate across cultures.

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Definitions:

Permanent/Temporary

Describes accounts in financial reporting; permanent accounts show ongoing financial status, while temporary accounts track revenues, expenses, and dividends over a specific period.

Normal Balance

The side (debit or credit) of an account that increases its balance, reflecting the account's role in the accounting equation.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, detailing assets, liabilities, revenue, and expenses over a specific period.

Permanent/Temporary

Used to classify accounts, with permanent accounts being those that carry their balances over into the next fiscal year, and temporary accounts being closed at the end of the fiscal year.