Which of the Following Is a Major Characteristic of Today's

question 29

Multiple Choice

Which of the following is a major characteristic of today's organizations?

• A)constant managerial supervision
• B)loyal employees
• C)full-time,permanent jobs
• D)mobile employees

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Definitions:

Revenue Accounts

Accounts used in accounting to record the company's income from its operations or activities.

Expense Accounts

Expense accounts track the costs incurred by a business in the course of its operations, such as utilities, rent, and payroll.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used in the preparation of financial statements.

Closing Entry

An accounting procedure used to transfer balances from temporary accounts to permanent ones at the end of an accounting period, thereby preparing the temporary accounts for the next period.