To Be Effective,the Chart of Accounts Must

question 38

Multiple Choice

To be effective,the chart of accounts must

• A)be as concise as possible.
• B)contain only five account categories.
• C)limit account codes to 10 digits or less.
• D)contain sufficient detail to meet the information needs of the specific organization's AIS.

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Definitions:

Physiological Equilibrium

The state of internal, physical, and chemical balance maintained by living systems.

Drive Reduction

A motivational theory that suggests behavior is motivated by the desire to reduce internal drives caused by unmet physiological needs, aiming to return to a state of homeostasis.

Incentive

A factor, often external, that motivates or encourages individuals to act or behave in a certain way.

Biological Motives

Biological motives are innate needs that regulate survival and reproduction, encompassing hunger, thirst, pain avoidance, and sexual desire.