When You See Non-Accounting Terms Used in a Company Data

question 4

Multiple Choice

When you see non-accounting terms used in a company data file,you should -

• A)change company settings and select Use Accounting Terms
• B)close and reopen the data file to see the default accounting terms used
• C)accept the terms - you cannot change them and they do not affect the accounting transactions
• D)change user preference settings and select Use Accounting Terms

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Definitions:

Formalizing

The process of establishing official procedures or systems, often within organizational or legal contexts.

Group Development

A process by which a group of individuals with a common purpose evolves into a cohesive unit with defined roles and norms.

Group Process

The way group members deal with one another while working on a task.

Coordinating Stage

A phase in teamwork or project management where the group organizes its efforts and resources effectively to execute a plan.