Which of the Following Statements Is True

question 168

Multiple Choice

Which of the following statements is true?

• A)Assets and revenues are the same thing.
• B)If employees have not yet been paid for their work,the company has wages payable.
• C)Retained earnings equal cash that the company has earned and kept
• D)Revenue is another term for profit.
• E)Revenue minus expense equals retained earnings.

---

Definitions:

Functionalism

An approach in psychology that focuses on the roles and functions of the mind and behavior in individuals' adaptation to their environment.

Purpose of Behaviour

The underlying reason or motive for why a specific action or behavior is performed by an individual.

Behaviourist

A psychological approach focusing on observable and measurable behaviors, discouraging speculation about internal mental processes.

Aggressive or Non-Aggressive

A classification that denotes whether actions, thoughts, or attitudes are intended to harm or are non-harmful in nature.