Chart Audits Have Revealed Significant Omissions of Data That Could

question 9

Multiple Choice

Chart audits have revealed significant omissions of data that could have legal and funding guidelines.As the unit manager,you meet with the staff to discuss audit findings and to find approaches that will address the gaps in charting and achieve desired goals.This is an example of

• A) leadership.
• B) management.
• C) decision-making.
• D) vision.

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Definitions:

Dividends

Disbursements issued by a company to its shareholders, usually sourced from the organization's earnings.

Income Summary

A temporary account used to transfer the revenues and expenses for an accounting period to the Retained Earnings account.

Retained Earnings

The total earnings of a company so far, minus any dividends or distributions given out to shareholders.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, preparing the books for the next period.