To Transfer Funds to and from Credit Card Accounts Using

question 15

Multiple Choice

To transfer funds to and from credit card accounts using the transfer funds journal, choose -

• A) credit card bank as the class for these accounts
• B) the general credit card class
• C) credit card receivable and credit card payable, or bank for these accounts
• D) all of the above account class selections will make the accounts available for transfers

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Definitions:

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.

Group Efficiency

Refers to the effectiveness with which a group is able to achieve its objectives, often measured by the outputs or outcomes produced by the collective efforts of its members.

Rationalization

The application of economic logic to human activity; the use of formal rules and regulations in order to maximize efficiency without consideration of subjective or individual concerns.

Social Identity Theory

A theory of group formation and maintenance that stresses the need of individual members to feel a sense of belonging.