The Journal Entry on the Date of Record Is

question 135

Multiple Choice

The journal entry on the date of record is:

• A)to debit retained earnings and credit dividends payable.
• B)to debit dividends payable and credit cash.
• C)non-existent. No journal entry is required on the date of record.
• D)to credit dividends and credit cash.

Comprehend the calculation and interpretation of standard deviation.

Recognize the importance of cost-to-benefit analysis in quality management.

Explain the purpose and implementation of quality assurance and audits in a management system.

Identify and describe Deming's principles of management and their impact on quality improvement.

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Definitions:

E-to-P Expectancy

The belief that one's effort (E) will lead to a particular level of performance (P).

Self-confidence

The belief in one's abilities, qualities, and judgment, contributing to an individual's self-assuredness and ability to face challenges.

Four-drive Theory

A model that identifies four basic motivational drives—the drive to acquire, bond, comprehend, and defend—that influence human behavior.

Hierarchy Of Needs

A motivational theory in psychology proposed by Abraham Maslow, which is often depicted as a pyramid with five levels of basic human needs, from physiological to self-actualization.