The Lowest Acceptable Outcome,when Negotiating,is Called

question 56

Multiple Choice

The lowest acceptable outcome,when negotiating,is called

• A)the victory point.
• B)the goal.
• C)the target point.
• D)the resistance point.
• E)the bargaining zone

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Definitions:

Adjusting Entry

An accounting record made to update the balances of accounts to reflect the true financial position before preparing financial statements.

Unexpired Insurance

The portion of the insurance premium that has not yet expired or been used up, considered a prepaid expense.

Office Supplies

Consumable items that are used in the daily operations of an office like pens, paper, and staplers.

Adjusting Entry

A journal entry made in accounting to update the record of revenues earned or expenses incurred that have not been previously recorded.