The Contingency Approach Lies Midway Between the Systems Approach and

question 128

Multiple Choice

The contingency approach lies midway between the systems approach and

• A) closed systems theory.
• B) chaos theory.
• C) the purely situational approach.
• D) the excellence approach.
• E) organizational behavior.

---

Definitions:

Journal Entry

A record of a business transaction in an accounting system, which includes debits and credits in appropriate accounts to maintain the ledger's accuracy.

Date of Payment

The specific day on which payment is made or received.

Dividends Payable

A liability account recording the amount a company owes to its shareholders in announced dividends to be paid.

Retained Earnings

Retained earnings refer to the portion of a company's profits that is retained or kept within the company instead of being paid out to shareholders as dividends, to be reinvested in business operations or to pay off debt.