An Account That Is Not Closed at the End of the Period

question 141

Multiple Choice

An account that is not closed at the end of the period is called a(n) ________.

• A)expense account
• B)temporary account
• C)permanent account
• D)revenue account

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Definitions:

Global Subsidiaries

Companies that are owned or controlled by a parent company but operate in different countries, adapting to local markets while aligning with global strategies.

Network Structure

A framework that outlines how different nodes or points in a network are connected and communicate with each other.

Rigid Hierarchies

Organizational structures with strictly defined roles and ranks, limiting flexibility and often hindering rapid decision-making.

Collaboration

The process of two or more people or organizations working together to complete a task or achieve a goal.