Which of the Following Accounts Is Decreased by a Debit

question 165

Multiple Choice

Which of the following accounts is decreased by a debit entry?

• A)cash
• B)prepaid insurance
• C)accounts payable
• D)insurance expense

Explain the concept of work-family spillover and its effects on employees’ lives.

Recognize the factors contributing to organizational commitment.

Understand the principles of reward allocation and their impact on performance.

Describe cognitive dissonance and its effects on individual behavior.

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Definitions:

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to offer for sale.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes by an infinite amount in response to any change in price; horizontal demand or supply curve.

Elastic in the Long Run

Describes a situation where the quantity demanded or supplied of a good or service responds significantly to price changes over a longer period.

Telephone Service

A communication service provided through electrical transmission of voice, fax, or other information.