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Which of the Following Assumes That Financial Statements of a Business

question 38

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Which of the following assumes that financial statements of a business can be prepared for specific periods?


Definitions:

Personality

A set of emotional, behavioral, and cognitive tendencies that make up an individual's character.

Pleasure Principle

The principle by which the id functions to avoid pain and maximize pleasure.

Id

To Freud, the aspect of personality allied with the instincts; the source of psychic energy, the id operates according to the pleasure principle.

Ego

To Freud, the rational aspect of the personality, responsible for directing and controlling the instincts according to the reality principle. To Jung, the conscious aspect of personality.

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