Which Habit Is Based on the Idea That "All Things

question 39

Multiple Choice

Which habit is based on the idea that "all things are created twice"?

• A) Put first things first
• B) Think win/win
• C) Sharpen the saw
• D) None of these

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Definitions:

Accounting Period

The span of time covered by financial statements, often a quarter or year, reflecting the company's financial performance and position.

Accrual Entry

An accounting method that records revenues and expenses when they are incurred, regardless of when cash is exchanged.

Accounting Accruals

Accounting method where revenue and expenses are recorded when they are earned or incurred, not necessarily when cash is received or paid.

Unpaid Payroll

The total sum of all wages, salaries, bonuses, and deductions owed to employees that have not yet been paid.