Organizational Stakeholders Can Best Be Defined as ________

question 165

Multiple Choice

Organizational stakeholders can best be defined as ________.

• A) individuals and businesses that own stock in a company
• B) individuals and groups that are directly affected by the practices of an organization
• C) the officers and key employees of an organization
• D) competitors

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby resetting the temporary accounts for the new period.

Temporary Accounts

Accounts used to track transactions within a fiscal period that are then reset to zero at the start of the next period, such as revenue and expense accounts.

Retained Earnings

Part of shareholders' equity on a company's balance sheet, representing the amount of net income left over for the business after it has paid out dividends to its shareholders.