Any Event That Has a Financial Impact on the Business

question 27

Multiple Choice

Any event that has a financial impact on the business and can be measured reliably is a(n) :

• A)income statement.
• B)transaction.
• C)asset.
• D)journal.

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Definitions:

Secondary Drives

Learned drives that are not directly related to biological needs but arise through association with those needs, such as the desire for money or social approval.

Learned

Acquired knowledge or behavior patterns through experience, observation, or being taught.

Experience

The knowledge or practical wisdom gained from direct participation in events or activities.

Drive-Reduction Theory

A theory of motivation proposing that the primary purpose of behavior is the reduction of drives, which are defined as innate biological needs that demand satisfaction.