After Identifying the Alternative Ways in Which the Organization Can

question 48

Multiple Choice

After identifying the alternative ways in which the organization can reach its objectives,a manager should ________.

• A)develop plans for each alternative
• B)choose the best alternative for reaching objectives
• C)rank each alternative according to complexity
• D)develop premises on which to base each alternative
• E)choose the alternative which is most cost effective

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Definitions:

Balance Sheet

A financial statement that displays a company's assets, liabilities, and equity at a specific point in time.

Permanent Accounts

Accounts that carry their ending balances from one accounting period to the next, including assets, liabilities, and equity accounts.

Adjusting Entries

Adjusting entries are journal entries made at the end of an accounting period to update the accounts and ensure that the financial statements reflect accurate and fair amounts.

Temporary Accounts

Accounts that are closed to the owner's equity account at the end of the accounting period.