Audrey Works in the Accounting Department of Colorado Manufacturing

question 305

Multiple Choice

Audrey works in the accounting department of Colorado Manufacturing. Today she will use the firm's ledger to summarize information that was posted over the most recent time period. Her goal is to determine if the accounts are balanced as required by the double-entry method of bookkeeping. To be sure they are correct, Audrey will prepare a(n)

• A) account analysis.
• B) statement of cash flows.
• C) balance sheet.
• D) trial balance.

---

Definitions:

Groupthink

The impaired group decision making that occurs when making the right decision is less important than maintaining group harmony.

Impartial Leader

A leader who treats all group members fairly and equally, without bias or favoritism, often resulting in more objective and fair decision-making processes.

Decision Making

The mental activity of evaluating alternatives and choosing among them.

Social Identity Theory

A theory in psychology that examines the relationship between one's sense of self and the broader social groups to which one belongs.