The balance column in a ledger account is:
A. An account entered on the balance sheet.
B. A simple form of account that is widely used in accounting to illustrate the debits and credits required in recording a transaction.
C. Another name for the dividends account.
D. A column for showing the balance of the account after each entry is posted.
E. An account used to record the transfers of assets from a business to its stockholders.
Answer: D
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The theory that attempts to explain behavior change by suggesting that behavior with positive consequences tends to be repeated while behavior with negative consequences tends not to be repeated, is called
A. reinforcement theory. B. equity theory. C. expectancy theory. D. acquired needs theory. E. two-factor theory.
The public interest is the result of a dialogue about shared values rather than the ________ of individual self-interests.
A) Assertion B) Expansion C) Reduction D) Aggregation
In the context of conducting performance reviews, which of the following should supervisors most likely do before the performance review?
A. Present ideas to improve future performance. B. Write down points of discussion and agreement for the performance review. C. Provide advance notice of the performance review. D. Tailor the performance review conversation to suit needs of employees.
The limited liability company (LLC) combines the best features of partnerships and corporations and can be an excellent choice for small business with a limited number of owners.
Answer the following statement true (T) or false (F)