At Modern Tech Inc

question 29

Multiple Choice

At Modern Tech Inc. ,managers begin every week with a two-hour meeting focused on the goals for that week,open communication,and strategies to achieve their goals.This routine describes which of the following?

• A)A ritual
• B)A story
• C)Its value
• D)Its language
• E)A symbol

---

Definitions:

Installment Note

A debt instrument that requires regular payments, or installments, of principal and interest over a set period, until the debt is fully repaid.

Journal Entry

A record in accounting that shows a business transaction and its effect on the accounts, typically involving a debit and credit.

Interest Expense

The cost incurred by an entity for borrowed funds, referring to the interest payments made on any form of debt for a specific period.

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender by a certain date.