Special Exercises Brazil Is the Host of the 2016 Summer Olympics.The Following

question 182

Multiple Choice

Special Exercises
Brazil is the host of the 2016 Summer Olympics.The following statements describe current conditions in Brazil.Many companies see the event as a business opportunity.Match the statement with the type of environmental challenge for international managers it describes.
-It is regarded as one of the four fast growing developing economies.The others are Russia,India,and China.

• A)Political-legal environment
• B)Economic environment
• C)Cultural environment

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

General Ledger

The master accounting document that contains all the financial accounts and transactions of a company.

Unadjusted Trial Balance

A preliminary list of all accounts and their balances before any adjustments are made, used to check the accuracy of debits and credits in accounting records.

Accounting Cycle

The sequence of processes beginning with the recording of a transaction and ending with the posting to the financial statements, completed in each accounting period.