Emergency Preparedness and Emergency Response Are Synonymous

question 15

True/False

Emergency preparedness and emergency response are synonymous.

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Definitions:

Dividends

Distribution of a corporation’s earnings to stockholders.

Closed

Refers to an account, operation, or period that has been finalized and no longer available for transactions or adjustments.

Posting

The process of transferring the debits and credits from the journal entries to the accounts.

Debit

An entry recorded on the left side of an account ledger, signifying an increase in assets or expenses or a decrease in liabilities, equity, or income.