Journal entries recorded at the end of each accounting period to prepare the revenue, expense, and dividends accounts for the upcoming period and to update the retained earnings account for the events of the period just finished are referred to as:
A. Closing entries.
B. Updating entries.
C. Adjusting entries.
D. Final entries.
E. Work sheet entries.
Answer: A
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Firms can compete on price if they:
A) focus on market development strategy. B) focus on global raw material sourcing. C) focus on controlling costs. D) focus on merging or acquiring a competitor.
________ products are those products purchased for further processing or for use in conducting a business
A) Unsought B) Specialty C) Shopping D) Industrial E) Convenience
Which of the following is NOT one of the eight basic steps to developing and delivering a branded customer experience?
a. Target profitable customers, employing behavior segmentation rather than demographics. b. Achieve a superior understanding of what your targeted customers value. c. Design facilities that delight your customers and reduce complaints. d. Give employees the skills, tools, and supporting processes needed to deliver the defined customer experience. e. Make everyone a brand manager.
Using your personal mission statement and two long-term goals you have previously written for that mission statement, create two short-term goals (one for each long-term goal) using the formula of from X to Y by Z. Describe the gap you hope to achieve.
What will be an ideal response?