A company's list of accounts and the identification numbers assigned to each account is called a:
A. Chart of accounts.
B. Journal.
C. Trial balance.
D. General Journal.
E. Source document.
Answer: A
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Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in 4 equal installments at the end of each of the next 4 years. How large would your payments be?
A. $3,704.02 B. $3,889.23 C. $4,083.69 D. $4,287.87 E. $4,502.26
What are the advantages of locating a startup in one's home community?
What will be an ideal response?
There is ample room for companies to customize their diversification strategies and be defined as being either narrowly or broadly diversified, and when combination related-unrelated diversification strategy options are adopted, they have particular appeal to
A. those large multibusiness firms, sometimes called conglomerates, because they have a unique capability designed to stabilize earnings. B. companies with a portfolio of product choices for buyer-related behavior. C. corporate managers who want to play the corporate parent role without fiduciary responsibility. D. those companies with a mix of valuable competitive assets, covering the spectrum from generalized to specialized resources and capabilities. E. corporate managers who take on risks without performing due diligence.
"Strategic planning" is best defined as the process of
A. developing objectives that specify how each department will support organizational goals. B. accurately linking operational planning with financial planning. C. creating long-term goals for the organization as a whole. D. planning what to do if the original plans or objectives set by an organization do not work out.