Match the Terms with the Definitions

question 6

Multiple Choice

Match the terms with the definitions.

-Reports the profitability of business operations for a specific period of time.

• A) account
• B) accounts payable
• C) accounts receivable
• D) accounting equation
• E) assets
• F) balance sheet
• G) business entity
• H) business entity concept
• I) business transaction
• J) drawing
• K) expenses
• L) income statement
• M) liability
• N) net income
• O) net loss
• P) notes payable
• Q) owner's equity
• R) revenues
• S) statement of owner's equity

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Definitions:

Global Rivals

Companies or entities that compete against each other across international markets and jurisdictions.

Conflict Management Style

Conflict management style is the approach or strategy an individual uses to handle disagreements or conflicts with others.

Avoidance

A strategy or behavior aimed at preventing conflict or steering clear of certain situations due to perceived or real threats.

Indirect Conflict Management

A strategy for dealing with conflict that avoids direct confrontation or negotiation, often through the use of intermediaries, delay, or addressing underlying issues indirectly.