If You Say to Yourself,"As Soon as I Finish Reading

question 31

Multiple Choice

If you say to yourself,"As soon as I finish reading this chapter in my textbook,I am going to play Guitar Hero for an hour," this specific goal has motivated you because

• A)it has given you direction.
• B)it has energized you to keep going until you have accomplished the goal.
• C)it has provided you with self-esteem.
• D)it has caused you to re-think how you are working.

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Definitions:

Goodwill Recognition

The process of accounting for the excess of purchase price over the fair value of identifiable assets and liabilities of an acquired entity.

US GAAP

United States Generally Accepted Accounting Principles, the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC).

IFRS

International Financial Reporting Standards, a set of accounting guidelines that govern how financial statements are prepared worldwide.

Reporting Units

Entities for which discrete financial information is available and reviewed by the segment manager to make operating decisions.