A Manager's Assessment of Whether a Certain Internal Factor--Like Financial

question 8

Multiple Choice

A manager's assessment of whether a certain internal factor--like financial capacity--is a strength or weakness will be most strongly influenced by:

• A) The relative strength of other factors
• B) The factor's flexibility within the organization
• C) The manager's experience in connection with that factor
• D) The manger's perception of that factor in other firms

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Definitions:

Subsidiary Ledger

A detailed ledger containing all account details and transactions for individual component accounts that roll up into a general ledger summary account.

Special Journals

Accounting books designed for recording specific types of transactions in a detailed and efficient manner.

Purchases Journal

A special journal that records all purchases of merchandise on account.

Merchandise

Goods purchased for resale to customers in the ordinary course of a business's operations.