Which Types of Consequences Are Called Manifest Functions

question 1

Multiple Choice

Which types of consequences are called manifest functions?

• A) neither functional nor dysfunctional
• B) unintended and often hidden
• C) both functional and dysfunctional
• D) intended and commonly recognized

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Definitions:

Balance Sheet

A financial statement that presents a company's financial position at a given point in time, showing assets, liabilities, and shareholders' equity.

Adjusting Entries

Journal entries made at the end of an accounting period to update accounts for accruals and deferrals not captured during the period.

Adjusted Trial Balance

A financial statement that shows the balances of all accounts, including those adjusted, at the end of an accounting period.

Post-closing Trial Balance

A list of permanent accounts and their balances after a company has journalized and posted closing entries.