A Table Listing the Descriptions of VALS™ Categories

question 124

Multiple Choice

A table listing the descriptions of VALS™ categories

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-John is well educated and smart, and he has been promoted twice this year.He believes that success is defined by the amount of money you make and is proud to own a luxury car, live in a sprawling home on a six-acre estate, and wear expensive suits.John prefers to remain single as his career comes first.Within the VALS™ framework, John would best be classified as a(n) :

• A)maker.
• B)believer.
• C)thinker.
• D)striver.
• E)achiever.

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Definitions:

Cash Basis

A method of accounting where transactions are recorded when cash is either received or paid.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investment securities, reflected in a company's cash flow statement.

Direct Method

A cost allocation approach directly assigning service department costs to producing departments without any intermediate steps.

Sales Adjusted

The revision of sales figures to account for returns, allowances for damaged goods, and discounts given.