A Business Buys $500 of Office Supplies on Account

question 85

Multiple Choice

A business buys $500 of Office Supplies on account. Which of the following accounts is credited?

• A)Cash
• B)Accounts payable
• C)Office Supplies
• D)Service revenue

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Definitions:

Contingency Theories

propose that the effectiveness of a leadership style or organizational strategy depends on specific situational factors, including the characteristics of the environment, the task, and the individuals involved.

Research Methods

Various strategies or techniques employed in the collection, analysis, interpretation, and presentation of data or information.

Conclusive Results

Outcomes or findings that definitively solve a question, problem, or confirm a hypothesis with certainty.

Flexible Leadership

Leadership that adapts its style and strategies to changing conditions, challenges, and opportunities to effectively manage and guide an organization.