Which of the Following Accounts Does Not Have a Normal

question 114

Multiple Choice

Which of the following accounts does not have a normal credit balance?

• A) Contributed capital
• B) Accounts payable
• C) Revenue
• D) Expense

Recognize the impact of organizational design on management and operations.

Identify the features of organic versus mechanistic organizational designs.

Describe the concept of the contingency approach to organizational design.

Explain the factors affecting span of control in organizations.

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Definitions:

Industrial Concentration

A measure of the extent to which a relatively small number of firms occupy a large market share within an industry.

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies if other players keep theirs unchanged.

Game Theory

The study of mathematical models of strategic interaction among rational decision-makers.

High-Tech Revolution

A period characterized by rapid and profound technological advancements, significantly impacting industries and society.