In Which of the Following Communication Networks Do Members Communicate

question 91

Multiple Choice

In which of the following communication networks do members communicate with one another in a predetermined sequence?

• A)chain network
• B)wheel network
• C)all-channel network
• D)circle network
• E)grapevine network

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Definitions:

Retained Earnings

The amount of net income left over for a business after it has paid out dividends to its shareholders.

Journalizing

Journalizing is the process of recording transactions in the accounting journals as part of the double-entry bookkeeping system.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, ultimately resetting the temporary accounts for the new fiscal period.

Post-closing Trial Balance

A statement created after closing entries are made, listing all active accounts and their balances to ensure debits equal credits.