The System of Accounting in Which There Are at Least

question 48

Multiple Choice

The system of accounting in which there are at least two accounts affected in every transaction so that the accounting equation stays in balance is called

• A)Debit
• B)Credit
• C)Double-entry
• D)Full disclosure

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Definitions:

Immoral Manager

Chooses to behave unethically; an amoral manager fails to consider the ethics of a decision or behavior.

Effective Manager

A manager who achieves organizational goals efficiently and effectively through planning, organizing, leading, and controlling.

Outcomes

Refers to the results or consequences that arise from a specific set of actions or conditions.

Upward Delegation

Means passing problems or responsibilities upward in the hierarchy.