When a Trial Balance Is in Balance

question 39

Multiple Choice

When a trial balance is in balance,

• A) adjusting entries are not required.
• B) the general ledger is free of errors.
• C) the debit account balances equal the credit account balances.
• D) the company has earned a net income.

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Definitions:

Alderfer's ERG Theory

A model in motivational psychology that categorizes human needs into three groups: Existence, Relatedness, and Growth.

Herzberg's Two-factor

A theory that suggests job satisfaction and dissatisfaction arise from two separate groups of factors: motivators and hygiene factors.

McClelland's Acquired Needs

A theory suggesting that an individual's specific needs (achievement, affiliation, power) are acquired over time and shape their motivation and behavior.

Skills-based Pay

A compensation strategy that rewards employees based on the range, depth, and types of skills and knowledge they possess.