The Transformation Process Is

question 34

Multiple Choice

The transformation process is

• A) the development and administration of activities that transform resources into goods,services,and ideas.
• B) the conversion of human,financial,and physical resources into goods,services,and ideas.
• C) labor,materials,energy,and money.
• D) goods and services.
• E) the development,promotion,pricing,and distribution of products.

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Definitions:

Dividends Declared

The announcement by a company’s board of directors of the payment of a specified amount per share to its shareholders, to be paid on a certain date.

Accounting Record

Documentation that contains the financial history and transactions of a company.

Shareholders' Equity

The amount of a company's total assets minus its total liabilities, representing the owners' share of the company.

Normal Balance

The side (debit or credit) on which increases to an account are recorded, based on the type of account.