Which of the Following Is True About a Business Ally

question 48

Multiple Choice

Which of the following is true about a business ally?

• A)Facilitates change
• B)Recognizes business trends and their impact on the business
• C)Implements workplace policies conducive to work environment
• D)Develops talent and designs reward systems
• E)Understands how business makes money

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Definitions:

Expense Accounts

Categories in financial accounting used to track money spent on operations and other costs by a business.

Accrued Revenues

Income earned but not yet received or recorded at the end of an accounting period, reflecting revenues for services performed or goods sold but not yet billed.

Asset Accounts

Accounts that record the value of everything a company owns and uses to generate revenue.

Liability Accounts

Accounts on a company's balance sheet that represent what it owes to others, such as loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.