A Person Who Believes That, for the Most Part, He

question 8

Multiple Choice

A person who believes that, for the most part, he or she is not responsible for what happens has a(n) __________ locus of control.

• A) internal
• B) external
• C) self-monitoring
• D) standard

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Definitions:

Consolidated Profit

The total profit of a group of companies after adjusting for inter-company transactions, presented in the consolidated financial statements.

External Entities

Organizations or individuals outside of a company that interact with the business, such as suppliers, customers, or regulators.

Legal Entity

An organization or business that is given legal rights and responsibilities, including the ability to enter into contracts, own property, and sue or be sued.

Transferred Assets

Transferred assets are items of value such as property, plant, and equipment that are moved from one owner to another under terms of a transaction or agreement.