External and Relatedness Are the First Two Groups of Needs

question 18

True/False

External and relatedness are the first two groups of needs in Alderfer's ERG theory.

Identify and correct common entry errors in accounting records to ensure accuracy.

Explain the significance of a subsidiary ledger and its role in detailed account management.

Understand the process of journalizing transactions in appropriate journals based on the nature of the transaction.

Comprehend the role and impact of special journals in the accounting process and their efficiency benefits.

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Definitions:

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often requiring planning for different potential outcomes.

Antecedent

An event, condition, or cause that logically precedes and influences an outcome or result.

Consequence

The result or effect of an action or condition.

Voluntary Behaviors

Actions undertaken by choice and without external coercion, reflecting autonomy and personal preference.