The Entry to Close the Expense Accounts Includes a

question 136

Multiple Choice

The entry to close the expense accounts includes a

• A)debit to Income Summary for $3,500.
• B)credit to Income Summary for $3,500.
• C)debit to Income Summary for $73,500.
• D)debit to Wages Expense for $2,500.

Examine research findings on racial/ethnic differences in career dreams and expectations among children.

Understand and articulate the policies and visions of the NCDA for career development.

Describe the types of clients served by Community Career Development Centers.

Explain the recommendations of the NCDA for middle school and high school career counseling.

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Definitions:

Competitive Potential

Refers to the capacity of a company or industry to compete effectively in the market and expand its market share.

Industries

Broad categories that encompass various companies and organizations involved in the production of goods and services in specific areas of the economy.

Infant Industry Theory

A theory which states that certain emerging industries need to be protected and nurtured for a period of time or they will be unable to compete against established foreign firms.

Neo-Mercantilism

An economic strategy emphasizing national economic policies that restrict imports and promote domestic industries through tariffs, subsidies, and other protectionist measures.