When Employees Are Adequately Trained,provided with All Relevant Information and the Best

question 26

Short Answer

When employees are adequately trained,provided with all relevant information and the best possible tools,fully involved in key decisions,and fairly rewarded for results,they are ________.

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Definitions:

Accounts Receivable

The sum customers owe a company for the delivery of services or products, payment for which has not yet been made.

Accounts Payable

Amounts owed by a company to suppliers or vendors for goods or services received but not yet paid for, recognized as a current liability on the balance sheet.

General Journal

A primary accounting record where financial transactions are entered before posting to ledger accounts.

General Ledger

The primary accounting record of a business which contains all the balance sheet and income statement accounts.