Which of the Following Statements Is TRUE of the Accounting

question 183

Multiple Choice

Which of the following statements is TRUE of the accounting cycle?

• A) It takes place only at the end of an accounting period.
• B) It involves preparation of adjusting entries after the closing entries.
• C) It ignores the beginning balances of accounts.
• D) It is a process by which financial statements for a period are produced.

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Definitions:

Hygiene Factor

In Herzberg's motivation theory, factors that can cause dissatisfaction if absent but do not necessarily motivate if present, such as safe working conditions, salary, and company policies.

Hygiene Factors

Aspects of Herzberg’s theory of motivation that focus on the work setting and not the content of the work; these aspects include adequate wages, comfortable and safe working conditions, fair company policies, and job security.