Which Occupation Has the Most Prestige in the United States-Physician

question 3

Multiple Choice

Which occupation has the most prestige in the United States-physician, banker, actress, or plumber?

• A) Physician
• B) Banker
• C) Actress
• D) Plumber

---

Definitions:

Adjusting Entries

Entries made in accounting books at the end of the cycle to rightly allocate the period's earnings and financial outgoings.

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the loss of value over time.

Notes Payable

Financial obligations or loans evidenced by promissory notes, to be repaid to the creditor at future dates.

Prepaid Insurance

An asset account on the balance sheet representing insurance payments made in advance for future coverage periods.