This Type of Transaction Is One That a Business Encounters

question 26

Multiple Choice

This type of transaction is one that a business encounters on a regular, recurring basis.The volume of the transactions is so large that transactions and the related accounting activities become second nature to the employees responsible for handling them.Specific authorization for each of these transactions is not necessary.The type of transaction referred to is:

• A)Non-routine transaction
• B)Payroll transaction
• C)Fixed asset transaction
• D)Routine transaction

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Definitions:

Social Interactions

The ways in which people respond to one another, including actions, communications, and transactions among individuals or groups.

Internal Attribution

The process of explaining one's own or another's behavior as due to personal, internal characteristics rather than external factors.

Ballet Dancing

A form of performance dance that originated in the Renaissance courts of Europe and has evolved into a highly technical form of dance with its own vocabulary.

Recreational Drug

Substances used primarily for leisure or enjoyment, often with psychoactive effects, rather than for medical purposes.