A Chart of Accounts for a Merchandising Business

question 33

Multiple Choice

A chart of accounts for a merchandising business

• A) usually is the same as the chart of accounts for a service business
• B) usually requires more accounts than does the chart of accounts for a service business
• C) usually is standardized by the FASB for all merchandising businesses
• D) always uses a three-digit numbering system

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Definitions:

Achievement-Oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and working towards achieving high performance levels.

Path-Goal Leadership Theory

A theory which states that a leader's behavior is contingent to the satisfaction, motivation, and performance of their subordinates, and involves adjusting leadership styles based on situational demands and follower characteristics.

Directive Leadership

A management style where leaders closely control and instruct the work of their employees, often dictating the what, how, and when of tasks.

Path-Goal Theory

A leadership theory that suggests leaders adjust their behaviors and styles to align with employee motivations, obstacles, and goals to enhance performance and satisfaction.