________ Involves Encouraging All Employees to Perform at a High

question 92

Multiple Choice

________ involves encouraging all employees to perform at a high level to help the organization achieve its vision and goals.

• A)Planning
• B)Leading
• C)Reviewing
• D)Controlling
• E)Organizing

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Definitions:

Control Accounts

An account in the general ledger that summarizes and aggregates the details of a subsidiary ledger.

Subsidiary Ledger

A detailed ledger that provides a breakdown of individual accounts receivable, accounts payable, or other account categories that together constitute a general ledger account.

General Ledger

A comprehensive ledger containing every financial transaction throughout a company's existence.

Special Journal

A ledger used in accounting to record and categorize similar types of transactions for efficiency.