Match Each Term with Its Definition

question 36

Multiple Choice

Match each term with its definition.
-Description of the services provided and the total amount due printed on an invoice

• A)accounts payable
• B)expenditure
• C)invoice
• D)PDF
• E)fees
• F)petty cash
• G)accounting
• H)bookkeeping
• I)operating information
• J)managerial accounting information

Understand how performance is a function of ability, motivation, and environment.

Discuss the purposes of performance evaluation and strategies for minimizing legal challenges.

Identify effective methods and practices for conducting evaluation interviews and developing objectives within performance evaluation systems.

Understand the four basic considerations for establishing performance standards.

---

Definitions:

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied.

Loanable Funds

The total amounts of capital available for borrowing, which includes savings and any additional credits created by financial institutions.

Market

A conceptual or physical place where buyers and sellers convene to exchange goods, services, and information.

Economic Profit

The discrepancy between overall earnings and the aggregate of explicit and implicit expenditures.