The Technique That Involves Hearing What the Speaker Is Saying

question 71

Multiple Choice

The technique that involves hearing what the speaker is saying, trying to understand the facts and feelings the speaker is trying to convey, and then stating what the listener understands that message to be, is called ________.

• A) upward communication
• B) active listening
• C) downward communication
• D) feedback

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Definitions:

Accrual Accounting

An accounting method that recognizes revenue and expenses when they are incurred, not necessarily when cash is exchanged, enhancing the accuracy of financial statements.

Financial Statements

Formal records of the financial activities and position of a business, organization, or person, including balance sheets, income statements, and cash flow statements.

Adjusting Entries

Journal entries made in accounting to update the accounts and bring them to their correct balances before the preparation of financial statements.

Period End

The conclusion of a specific accounting period, at which point financial statements are prepared.