An Account in the Chart of Accounts Has the Number

question 13

Multiple Choice

An account in the chart of accounts has the number 7111.Which of the following does the 7 likely represent?

• A)revenues
• B)sales region
• C)merchandise sales
• D)golf merchandise sales

Understand the concept and purpose of a budget in an organization.

Identify the difference between a strategic plan and a financial/budget plan.

Recognize the role of budgets in performance evaluation and cost control.

Understand the concept and application of resource drivers in cost estimation.

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Definitions:

Suggestive Descriptions

Narrative or descriptive language that implies or leads to a particular mental image or conclusion.

Explicit Descriptions

Detailed and clear statements or explanations that leave no room for confusion or ambiguity.

Paraphilia

Atypical sexual interests that may involve non-consenting partners, the experience of distress, or a risk of harm.

Paraphilic Disorder

A psychological disorder where sexual activity is associated with a paraphilia (atypical sexual interest, arousal, and/or behavior), causing distress in the person or others and impairing the person’s life; may cause the person to pursue sexual activity without consent.