A Company Is a Legal Entity and as Such Has

question 15

Multiple Choice

A company is a legal entity and as such has an additional expense for ________________ in its income statement that sole traders and partnerships do not have.

• A) legal entity expenses
• B) cost of sales
• C) income tax
• D) depreciation

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Definitions:

Attitude Inoculation

A method of making individuals resistant to attempts to change their attitudes by initially exposing them to small arguments against their beliefs.

Self-Presentational Concerns

The efforts individuals make to create specific impressions of themselves in the minds of others.

Planned Behavior

Refers to the Theory of Planned Behavior, which is a psychological theory that links belief systems to behavior, positing that behavioral intention is influenced by attitudes, subjective norms, and perceived control over the behavior.

Prevention Focus

A motivation based on the desire to avoid negative outcomes or failures, leading to cautious and conservative strategies in goal pursuit.