Recording the Transaction in the Journal Is the First Step

question 20

True/False

Recording the transaction in the journal is the first step in the journalizing process.

---

Definitions:

Goal-Setting Theory

A motivational theory that emphasizes the setting of specific, measurable, achievable, relevant, and time-bound (SMART) goals to enhance performance.

Acquired-Needs Theory

A motivational model that suggests people's needs are acquired over time and are shaped by life experiences, including needs for achievement, affiliation, and power.

ERG Theory

is a motivational theory proposed by Clayton Alderfer that categorizes human needs into three groups: Existence, Relatedness, and Growth, suggesting that more than one need can be motivational at the same time.

Need for Power

A personal drive and motivation to influence, control, or have authority over others.