Agreements Associated with Acquiring the Resources It Needs to Do

question 63

Multiple Choice

Agreements associated with acquiring the resources it needs to do business obligate the company to pay cash or provide goods or services in exchange for the benefits received.Applying these rules to the process to record expenses,companies should recognize an expense when

• A)they have developed an economic benefit in the process of acquiring funds,goods or services needed to operate a business
• B)they have consumed an economic benefit in the process of distributing funds,goods or services needed to operate a business
• C)they have consumed an economic benefit in the process of acquiring funds,goods or services needed to operate a business
• D)they have developed an economic benefit in the process of distributing funds,goods or services needed to operate a business

Recognize the role of optimism and realism in goal setting and pursuit.

Grasp the concept of the Zeigarnik effect and its implications on goal pursuit.

Learn the importance of intrinsic versus extrinsic motivation on happiness and performance.

Understand personal projects or strivings as forms of goals and their influence on personal achievement.

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Definitions:

Social Inequalities

The existence of unequal opportunities or treatment for different societal groups based on class, race, gender, age, or ethnicity.

Rawls

A philosopher known for his theory of justice which argues for the creation of a society where the least advantaged are as well off as possible.

Principles of Social Justice

Foundational guidelines aimed at ensuring equitable treatment, opportunities, and outcomes for all members of society, often addressing issues of inequality and discrimination.

Rawls

A reference to John Rawls, an influential American political philosopher known for his theories of justice and “the original position” in social contract theory.