The Declaration of Independence

question 49

Multiple Choice

The Declaration of Independence

• A) was signed in 1787.
• B) was written to compensate for the weaknesses of the Articles of Confederation.
• C) states that all human beings have certain unalienable rights.
• D) is just another name for what is usually called the Constitution.
• E) affirmed Great Britain's right to rule the thirteen colonies.

Grasp the concept of FOB shipping point and FOB destination terms and their effects on revenue recognition and bonus calculations.

Understand the necessity and process of closing accounts within the accounting cycle.

Recognize the sequence and importance of steps in the accounting cycle.

Identify the significance and characteristics of permanent and temporary accounts.

---

Definitions:

Frequency Distribution

A statistical representation showing the number of observations within specified intervals, commonly used to visualize data distributions.

Scatter Plot

A type of graph used in statistics to display values for typically two variables for a set of data, with each point representing the values of two variables.

Quartile

A quartile is a statistical term describing a division of a data set into four defined intervals based upon the values of the data and how they compare to the entire set, which helps in understanding the spread and distribution of the data.

MODE.MULT(data range)

A function in spreadsheet programs that returns an array of the most frequently occurring values in a given data range.