By Selecting an Enjoyable Set of Leisure Activities and Deciding

question 65

Multiple Choice

By selecting an enjoyable set of leisure activities and deciding for himself the age at which he will retire, Phil is exerting a sense of _______ that contributes to his life satisfaction.

• A) authority
• B) control
• C) impulsiveness
• D) disengagement

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.

Transactions

Financial activities that involve the exchange of assets, services, or liabilities between two parties.

Ledger

An accounting book or computer file for recording and totaling economic transactions measured in terms of a monetary unit and categorized by account type.

Account Titles

Names given to the accounts that reflect the types of transactions they represent, used in bookkeeping to distinguish financial records.