In an Organization, _____ Are Responsible for the Creation of Tactical

question 66

Multiple Choice

In an organization, _____ are responsible for the creation of tactical plans.

• A) chief financial officers
• B) first-level managers
• C) middle managers
• D) top managers

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Definitions:

General Journal Entries

General journal entries are records of financial transactions in the general journal as part of the double-entry bookkeeping system, noting the accounts and amounts debited and credited.

Returned Merchandise

Returned merchandise involves items that have been sold and then later returned by the customer, typically requiring the business to refund the customer's money or exchange the product.

General Journal Entry

The basic method of recording financial transactions, involving debits and credits, in the general journal.

Sales Tax

A tax levied by governments on the sale of goods and services, typically calculated as a percentage of the retail price.