What New Development in Accounting Allowed for Much Better Tracking

question 29

Multiple Choice

What new development in accounting allowed for much better tracking and recording of deposits and expenditures?

• A) double-entry bookkeeping
• B) clocks converted into adding machines
• C) the switch from Arabic to Roman numerals
• D) better scales used to measure coins
• E) the employment of monks to count money since they were trustworthy

Know the organizational effects of bullying.

Familiarize with the violence continuum in the harm model of aggression including its levels and examples.

Understand the concept and importance of goal setting in organizational performance.

Comprehend the essential components and characteristics of effective goals (e.g., SMART goals).

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to generate wealth through investment or production.

Services for Cash

Transactions in which services are provided with immediate payment in cash, not involving credit terms.

Liability

An obligation of a company or an individual arising from past transactions or events, leading to a future outflow of assets.

Revenue

Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations.