Examlex
A bank reconciliation included an outstanding check of $850 for the payment of salaries.The journal entry to record this reconciling item:
Socially Efficient
An allocation of resources is considered socially efficient if it cannot be reallocated in a way that improves the wellbeing of one individual without worsening the situation of another.
Collude
To collaborate secretly and illegally with others with the aim of deceiving or obtaining an unfair benefit.
Controlling
The process of measuring performance and taking action to ensure desired results.
Organizing
The process of defining and assigning tasks, allocating resources, and providing resource support.
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