If a Business Uses the Periodic Inventory System, the Sales

question 66

Multiple Choice

If a business uses the periodic inventory system, the sales journal:

• A)will record both the cash and credit sales.
• B)will include a Purchase DR and Account Receivable CR column.
• C)will exclude the Accounts Receivable DR and Sales Revenue CR column.
• D)will not include the Cost of Goods Sold DR and Merchandise Inventory CR column.

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Definitions:

Theory Y

A management approach that assumes employees are inherently motivated and capable of self-direction and creativity.

Organizational Behavior

The study of how individuals and groups interact within an organization, focusing on improving organizational effectiveness, culture, and employee well-being.

Autocratic Model

A leadership or governance style characterized by individual control over all decisions and little input from group members.

Bureaucracies

Administrative systems organized into hierarchical structures, governing organizations with strict rules and protocols to ensure efficiency and order.