The More Traditional View to Approaching Entrepreneurism Is a Linear

question 34

Multiple Choice

The more traditional view to approaching entrepreneurism is a linear process where the steps are followed and the outcomes can be expected.This defines ______.

• A)the predictive approach
• B)the expected approach
• C)the creation view
• D)the organic approach

---

Definitions:

Adjusted Trial Balance

A report that lists all the accounts and their balances after adjustments, used to ensure the total debits equal total credits before generating financial statements.

Closing Entries

Transactions noted at the end of an accounting cycle for the purpose of transferring balances from temporary accounts to their permanent counterparts.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.

Post-Closing Trial Balance

A listing of all balance sheet accounts with balances after closing entries are made, used to verify the equality of debits and credits.