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Some supervisors, when filling in rating scales, tend to avoid the highs and lows on the scale and rate most people in the middle. This ________ means that all employees may be rated average.
Credit Terms
The conditions under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and due dates.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred, ensuring compliance with the matching principle.
Condensed Worksheet
A summarized form of a financial worksheet used for internal management purposes.
Accrual Basis
An accounting method that recognizes revenue when earned and expenses when incurred, regardless of when cash is exchanged.
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