Match Each Term with Its Correct Definition

question 170

Multiple Choice

Match each term with its correct definition.
-An accounting field that helps managers plan and control operations.

• A)Organizational chart
• B)Financial accounting
• C)Line position
• D)Managerial accounting
• E)Planning
• F)Directing
• G)Controlling

---

Definitions:

Re-sort List

The action of organizing or rearranging items in a list according to a different criterion or sequence.

Fixed Asset

Long-term tangible property that a company owns and uses in its operations to generate income, such as buildings, machinery, and equipment.

Owner's Equity

The total value of a business owned by its owners, calculated as the business's total assets minus its total liabilities.

Business Ownership

Refers to the control over a business enterprise, determining the management and profit allocation.