A Trial Balance May Prove That Debits and Credits Are

question 1

Multiple Choice

A trial balance may prove that debits and credits are equal, but

• A)an amount could be entered in the wrong account.
• B)a transaction could have been entered twice.
• C)a transaction could have been omitted.
• D)all of these.

---

Definitions:

Make-Or-Buy Decision

The strategic choice between producing a good or service internally or purchasing it from an external supplier.

Operational Risk

A measure of a firm’s inability to document the work remote employees do, describe the different situations they might face, and direct their responses in each scenario.

Outsourcing Vendor

A third-party company that provides services or performs tasks that a company might otherwise have done in-house, often to save costs or access specialized expertise.

Insourcing

The practice of using an organization's internal resources to complete tasks or projects that could be outsourced to external providers.