The Expense Recognition Principle Includes Two Steps

question 49

Multiple Choice

The expense recognition principle includes two steps:

• A) measure the expenses and record the revenue.
• B) identify all the expenses incurred during the accounting period and measure the expenses and match them against the revenue earned.
• C) when to record revenue and the amount of revenue to record.
• D) when to record the revenue and identify all the expenses incurred during the accounting period.

Identify the evolution of motivation theories, including instinct approaches.

Describe the role of homeostasis in drive-reduction theory.

Explain the distinction between primary and secondary drives.

Recognize the types of needs as identified by psychologists and their effect on motivation.