Match the Terms with the Definitions

question 20

Multiple Choice

Match the terms with the definitions.

-Entering financial information about events affecting the company into the accounting system.

• A) accountant
• B) accounting
• C) accounting derk
• D) analyzing
• E) auditing
• F) bookkeeper
• G) budgeting
• H) Certified Public Accountant
• I) classifying
• J)controller
• K) corporation
• L) cost accounting
• M) financial accounting
• N) generally accepted accounting principles
• O) internal auditing
• P) interpreting
• Q) manufacturing business
• R) merchandising business
• S) para-accountant
• T) partnership
• U) recording
• V) reporting
• W) service business
• X) sole proprietorship
• Y) summarizing
• Z) tax accounting

Understand the effects of postindustrialism on society, including changes in job markets and the importance of education.

Distinguish between ascribed and achieved statuses and comprehend their impact on social identity.

Identify the challenges associated with role conflict and role strain in complex societies.

Understand the concept of attractiveness in human interactions and its cultural variability.

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Definitions:

Activity Base

An activity base is a measure used in managerial accounting to allocate costs, based on activities that drive costs, as part of activity-based costing (ABC).

Service Departments

Departments within a company that support the primary operations but don't directly generate revenue.

Profit Margin

A financial metric used to assess a company's profitability by comparing net income to sales; calculated as (Net Income / Sales) * 100.

Income From Operations

The earnings generated from a company’s core business activities, excluding any gains or losses from investments and other non-operational sources.