According to the Text, Which of the Following Is the BEST

question 3

Multiple Choice

According to the text, which of the following is the BEST definition of stress?

• A)a frustrating or extremely negative situation
• B)annoying or challenging circumstances, including everyday hassles or minor problems
• C)a negative emotional state that occurs when events are perceived as exceeding a person's resources or ability to cope
• D)the alarm stage of the general adaptation syndrome, as defined by Hans Selye

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Definitions:

Expenses

Costs incurred by a business or individual in the process of earning revenue, ranging from utilities to salaries.

Drawing Account

An account used to record withdrawals made by an owner from the business for personal use.

Owner's Capital Account

An equity account that represents the owner's invested capital plus any retained earnings or minus any withdrawals.

First Closing Entry

The first journal entry in the closing process that transfers revenue and the expense account balances to the owner’s capital account as either a net income or a net loss.