Altruism Is Defined as

question 200

Multiple Choice

Altruism is defined as

• A) helping behaviour that is intended to lower one's own distress or gain rewards.
• B) any behaviour that results in a benefit to another person.
• C) helping another without regard for one's own self-interest.
• D) the tendency to help other people when no other bystanders are present.

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Definitions:

Fees Earned

Income earned from providing services or performing work for clients or customers.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, thereby preparing the accounts for the next accounting period.

Journalized

The process of recording financial transactions in a company's journal, detailing the accounts affected by each transaction.

Adjusting Entries

Are journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred, for the purpose of financial reporting accuracy.