Rising Customer Expectations, Evolving Employee Goals and Ambitions, and Tighter

question 45

Multiple Choice

Rising customer expectations, evolving employee goals and ambitions, and tighter government legislation and pressure are driving companies to ________.

• A) operate leaner manufacturing facilities
• B) manage shorter supply chains
• C) operate flatter organizations
• D) practice a higher level of corporate social responsibility
• E) vertically integrate

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Definitions:

Journal

A record where all financial transactions are initially entered in chronological order.

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

Balance Per Books

The ending balance of an account as recorded in the financial records of a company or individual.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement.