For an Organisation, a Person's Ability to Adapt to Change

question 12

Multiple Choice

For an organisation, a person's ability to adapt to change is an example of their:

• A) intrinsic value.
• B) extrinsic value.
• C) current value.
• D) future value.
• E) past value.

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Definitions:

Special Journals

Accounting journals designed for recording a particular type of transaction in a more efficient manner.

Cash Payments Journal

A specialized accounting journal used to record all cash outlays of a business, including expenses, asset purchases, and debt payments.

Purchases Journal

A record of all purchase transactions for inventory, usually on credit, maintained by a business.

Credit Balance

A situation in accounting where the total credits in an account exceed the total debits, commonly seen in liability accounts.