Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

Which of the following is most likely to tempt individuals to spend impulsively or without prior planning?

Long-term financial planning

Limited-time sales and promotional offers

Automatic savings transfers

Strict monthly budgeting

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Verified step by step guidance

Understand the context of the question: It is asking about factors that influence impulsive spending behavior, which is a psychological and financial concept.

Analyze each option provided: Long-term financial planning typically encourages disciplined spending and saving, making it less likely to tempt impulsive spending.

Evaluate the second option: Limited-time sales and promotional offers create a sense of urgency and scarcity, which can psychologically pressure individuals to make impulsive purchases.

Consider the third option: Automatic savings transfers are designed to promote saving habits and reduce the likelihood of impulsive spending by allocating funds directly to savings accounts.

Review the fourth option: Strict monthly budgeting involves planning and controlling expenses, which generally discourages impulsive spending. Based on this analysis, limited-time sales and promotional offers are most likely to tempt individuals to spend impulsively.