Which Philosopher-Economist Observed: "Individuals Make Choices in Order to Promote

question 89

Multiple Choice

Which philosopher-economist observed: "Individuals make choices in order to promote pleasure and to avoid pain"?

• A)Thomas Malthus
• B)Jeremy Bentham
• C)Publilius Syrus
• D)Stanley Jevons
• E)Samuel Taylor Coleridge

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Definitions:

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate period.

NSF Check

A cheque that cannot be processed because the writer's account lacks sufficient funds, standing for "Non-Sufficient Funds."

Debit Memorandum

A document or entry that records an adjustment or reduction in expenses payable to a vendor or an increase in inventory cost.

Adjusting Entries

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.