According to Chandler and Others,which Factors MUST Be Closely Aligned

question 92

Multiple Choice

According to Chandler and others,which factors MUST be closely aligned to avoid the consequences of poor organizational performance?

• A) management, workforce, and customers
• B) operations, marketing, and finance
• C) strategy, structure, and environment
• D) rules, goals, and tasks
• E) hierarchy, contacts, and integrators

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, closing out the revenue and expense accounts.

Post-closing Trial Balance

A financial statement prepared after all adjusting and closing entries are made, ensuring the total debits equal total credits.

Ledger Accounts

Individual financial records within the general ledger, detailing transactions related to a specific account category.

Income Summary

An account in the accounting ledger that is used to summarize the revenues and expenses for a period, facilitating the transfer of net income or loss to retained earnings.