Listed Below Are Ten Terms Followed by a List of Phrases

question 122

Multiple Choice

Listed below are ten terms followed by a list of phrases that describe or characterize five of the terms.Match each phrase with the best term by placing the letter designating the term in the space provided.
-____ Convention used to record transactions of a company.

• A)Assets
• B)Debit
• C)Journal entry
• D)Liabilities
• E)Revenues
• F)Expenses
• G)Credit
• H)General ledger
• I)Trial balance
• J)Dividends

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Definitions:

Judge Learned Hand

An influential American judge and judicial philosopher, renowned for his prolific rulings and essays on constitutional law and civil liberties.

Largest Merger

A significant corporate action where two or more companies combine into one entity, often to expand market share and resources.

Banking and Finance

The sector of the economy concerned with managing money, credit, and other financial instruments.

Cartels

Formal agreements among competing firms in the same industry to control prices, production, and market shares, typically to maximize joint profits.