Match the Terms with the Definitions

question 53

Multiple Choice

Match the terms with the definitions.

-Reviewing the operating and accounting control procedures adopted by management to make sure the controls are adequate and being followed; assuring that accurate and timely information is provided.

• A) accountant
• B) accounting
• C) accounting derk
• D) analyzing
• E) auditing
• F) bookkeeper
• G) budgeting
• H) Certified Public Accountant
• I) classifying
• J)controller
• K) corporation
• L) cost accounting
• M) financial accounting
• N) generally accepted accounting principles
• O) internal auditing
• P) interpreting
• Q) manufacturing business
• R) merchandising business
• S) para-accountant
• T) partnership
• U) recording
• V) reporting
• W) service business
• X) sole proprietorship
• Y) summarizing
• Z) tax accounting

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Definitions:

Voting Rights

The entitlements of individuals to participate in the election of their representatives and on other matters through the act of voting.

Management Rights

The authority and powers held by managers and employers to make decisions about operating their businesses.

Articles Of Partnership

A written agreement between partners setting out the terms and conditions of their partnership business.

Management Rights

Refer to the prerogatives and powers reserved by the management to operate and control a business, including making decisions on hiring, work assignments, and business operations.