Concerning "Honesty," Strict Learning Theorists Would Say That

question 452

Multiple Choice

Concerning "honesty," strict learning theorists would say that

• A) "honesty" is considered a secondary trait.
• B) "honesty" is the result of a lack of fixation during psychosocial development.
• C) knowing a person is "honest" allows us to predict his or her behavior in a multitude of situations.
• D) the specific situation would have to be known in order to make a "correct" prediction.

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Definitions:

Reversing Entry

An entry, made at the beginning of the next accounting period that is the exact opposite of the adjusting entry made in the previous period.

Disposes

Acts of transferring ownership or getting rid of assets, including selling, discarding, or recycling them.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting journal entries made at the end of the previous period.

General Ledger

The complete set of accounts that summarizes all transactions occurring within a company, serving as a primary tool for financial reporting.