A reversing entry is ________
A) a journal entry used to close the temporary accounts after preparation of financial statements
B) a special journal entry used to make the adjustments that took place after preparing the trial balance
C) a special journal entry that eases the burden of accounting for transactions in the next period
D) a journal entry prepared at the end of an accounting period to match assets with liabilities
C
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Nonmanagerial employees at Kennedy Steel belong to a union. The union has come close to striking several times over the years, and labor negotiations have recently been very tense. Kennedy likely needs to focus on changing
A. values among potential customers. B. the likelihood that an acquisitions might occur. C. manufacturing processes and procedures. D. population variables. E. forces originating inside the organization.
Which is the best location for a negotiation?
A. your home ground B. your adversary’s home ground C. a neutral territory D. Location is not a factor in negotiation
When presenting to a culturally diverse audience, you should:
a. avoid unfamiliar abbreviations and figurative expressions. b. enunciate precisely and speak slowly. c. adapt your presentation style and dress to fit the degree of formality of the culture. d. All of these are correct.
In decision theory, we call the payoffs resulting from each possible combination of alternatives and outcomes
A) marginal values. B) conditional values. C) conditional probabilities. D) Bayesian values. E) joint values.