A Trial Balance

question 48

Multiple Choice

A trial balance:

• A) ensures that all journal entries have been posted.
• B) is a way to check that no mistakes have been made during the accounting cycle.
• C) is a report for internal use only.
• D) is a way to check that all journal entries have been posted and that no mistakes have been made during the accounting cycle.

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Definitions:

Incrementalism

A policy or strategy of making gradual changes or taking small steps instead of large, drastic actions.

Emergent Strategies

Emergent strategies develop over time as managers learn from and respond to experience.

Managerial Learning Curve

The process by which managers gain experiential knowledge that improves their decision-making, efficiency, and effectiveness over time.

Unrelated Diversification

A business strategy where a company expands into industries or markets that are not related to its existing business activities.