Good Listeners

question 1

Multiple Choice

Good listeners:

• A)nod or respond with "I see" or "That's interesting" to let the speaker know she or he is listening.
• B)always let the other person start the conversation.
• C)jump into the conversation when the speaker makes a point they agree with.
• D)pay attention without asking questions.

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Definitions:

Cash

A form of liquid asset that represents the currency that a business or individual can immediately access and use for transactions.

Receivables

Funds that are owed to a company by its customers or clients for goods or services already delivered.

Payables

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Control Accounts

General Ledger accounts that summarize the balances of numerous subsidiary accounts, used to consolidate and reconcile details.