Which of the Following Is Accurate with Respect to the Relationship

question 72

Multiple Choice

Which of the following is accurate with respect to the relationship between impacts and outputs?

• A) outputs are policy actions while impacts are goals
• B) impacts are related to what the policy goals attempt to achieve while outputs are related to the means of achieving the goals
• C) impacts are the goals and outputs are what is achieved
• D) outputs are policy goals while impacts are how the policies are applied

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Definitions:

Adjusted Trial Balance

A trial balance after adjustments, showing the balances of all accounts including those adjusted, which will be used for preparing financial statements.

Supplies Expense

An accounting term referring to the cost consumed in using up supplies such as office materials over a specific accounting period.

Error

A mistake in the recording, classification, or processing of financial and non-financial transactions in accounting records.

Accrued Interest

Accrued interest is the interest that has accumulated on a loan or bond but has not yet been paid. It is recognized in the accounting records before the payment is made.