With Respect to the History of American Business, the ________

question 124

Multiple Choice

With respect to the history of American business, the ________ era covered the years from the 1920s to the 1960s.

• A) production
• B) sales
• C) marketing concept
• D) customer relationship
• E) market orientation

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to check that debits equal credits in the double-entry accounting system.

Debits

Debits refer to an accounting entry that results in either an increase in assets or expenses or a decrease in liabilities or equity on a company's balance sheet.

Ledger

A Ledger is a book or collection of accounts in which account transactions are recorded, classified, and summarized.

Wages Expense

The total cost incurred by a company for paying its employees, including salaries, wages, and other forms of compensation.