A Crowded or Closed-In Feeling Created by a Crowded Store

question 2

Multiple Choice

A crowded or closed-in feeling created by a crowded store will result in adaptive strategies that could:

• A) increase shopping time, reduce purchases and increase the use of in-store information.
• B) reduce shopping time, increase purchases and decrease the use of in-store information.
• C) reduce shopping time, reduce planned purchases and alter the use of in-store information.
• D) reduce shopping time, reduce planned purchases and greatly increase the use of in-store information.

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Definitions:

Expense Accounts

Accounts that track the costs of operating a company including costs of goods sold, operating expenses, and non-operating expenses.

Owner's Capital

The total assets contributed by the owner of a company plus the retained earnings minus withdrawals made by the owner.

Journalize Closing Entries

The process of recording year-end closing entries in the journal to prepare the accounts for the next fiscal period.

Adjusting Entries

Entries made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.