Which of the Following Is Most Consistent with the Concept

question 49

Multiple Choice

Which of the following is most consistent with the concept of a crisis as defined by James Marcia?

• A)When Imani failed her calculus test,her parents grounded her for two weeks and imposed a requirement of two hours of supervised study every school night until the next exam.
• B)Since she was a child,Lila had planned to become a physician when she grew up.Recently,however,she has become very interested in physics,and now she is evaluating related career options such as engineering.
• C)Torrential rains in the Midwest caused major flooding,and thousands of people were displaced from their homes and lost their possessions and livelihoods.
• D)For the past two years,Juan has had thoughts of suicide,and recently he was diagnosed with depressive disorder.

---

Definitions:

Bad Debts

Accounts receivable that a company has determined are uncollectible, leading to their recognition as a loss.

Adjustment

Amendments made to accounts or financial statements to correct errors, update values, or reallocate revenues and expenses.

Credit Sales

Transactions where goods or services are sold to a customer with an agreement to pay at a later date, typically allowing a specific period before payment is due.

Bad Debts

Bad debts are amounts owed to a company that are no longer considered collectible, leading to their recognition as a loss.