The Chief Executive of a Start-Up High-Technology Company Recently Made

question 55

Multiple Choice

The chief executive of a start-up high-technology company recently made several public announcements about the company's values.She emphasized that,although the company is less than one year old,its employees already have adopted a strong set of values around sharing,freedom,and achievement.However,you personally know two employees at the company who say that employees don't really have a common set of values,and they are certainly not unanimous about the three values stated by the CEO.The CEO is likely describing the company's:

• A)espoused values.
• B)ethical values.
• C)professional values.
• D)organizational values.
• E)enacted values.

Comprehend the purpose and structure of journals and ledgers in accounting.

Recognize different types of journal entries (simple and compound) and their formatting.

Learn the arrangement of accounts in the ledger and the importance of the chart of accounts.

Identify the effects of various business transactions on assets, liabilities, and owner's equity.