The ____ of the External Environment Represents Events Originating in Foreign

question 124

Multiple Choice

The ____ of the external environment represents events originating in foreign countries as well as opportunities for American companies in other countries.

• A) National dimension
• B) Global dimension
• C) International dimension
• D) Japan's dimension
• E) U.S. dimension

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Definitions:

Accrue Salaries Payable

Accrue Salaries Payable involves recording the salaries earned by employees that have not yet been paid, recognizing the liability before the cash is disbursed.

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thus preparing the books for the next period.

Reversing Entry

An accounting entry made at the beginning of a period to reverse the effects of certain adjustments made in the previous period.