Match the Terms with the Definitions

question 63

Multiple Choice

Match the terms with the definitions.

-An unwritten promise to pay a supplier for assets purchased or services rendered.

• A) account
• B) accounts payable
• C) accounts receivable
• D) accounting equation
• E) assets
• F) balance sheet
• G) business entity
• H) business entity concept
• I) business transaction
• J) drawing
• K) expenses
• L) income statement
• M) liability
• N) net income
• O) net loss
• P) notes payable
• Q) owner's equity
• R) revenues
• S) statement of owner's equity

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Definitions:

Reinforcement Schedules

The strategies used in behavior modification that determine how and when a response will be rewarded.

Mentally Alert

The state of being aware and able to think and respond quickly; sharpness of mind.

Intermittent

Occurring at irregular intervals; not continuous or steady.

Self-motivation

The intrinsic drive to achieve goals, fulfill needs, and enhance personal growth without external encouragement.