Which of the Following Statements Is Incorrect

question 34

Multiple Choice

Which of the following statements is incorrect?

• A)The normal balance of accounts receivable is a debit.
• B)The normal balance of dividends is a debit.
• C)The normal balance of unearned revenues is a credit.
• D)The normal balance of an expense account is a credit.
• E)The normal balance of common stock is a credit.

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Definitions:

Management Styles

The various approaches and methods employed by leaders in guiding, directing, and motivating employees to achieve organizational objectives.

Knowledge Management

The efficient handling, organizing, and sharing of information and knowledge within an organization.

Classical Management

A theory of management focused on the efficiency of the work process through division of labor, hierarchy, and strict control mechanisms.

Total Quality Management

A management approach focused on improving the quality of all organizational processes through ongoing refinements in response to continuous feedback.