Match the Terms That Follow with the Correct Definitions

question 45

Multiple Choice

Match the terms that follow with the correct definitions.
-Accounts that are not closed out at the end of each fiscal year

• A)Interim statements
• B)Closing entries
• C)Expenses
• D)Real or permanent accounts
• E)Drawing account
• F)Income Summary
• G)Post-closing trial balance
• H)Accounting cycle
• I)Expense and revenue
• J)Temporary-equity accounts

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Definitions:

Employee Involvement

Practices that empower employees by giving them a voice in decisions affecting their work and the organization, aiming to increase commitment and productivity.

Work Environment

The setting, conditions, and culture that influence the work-life of employees and the performance of an organization.

Reward System

A mechanism designed by organizations to recognize and reward the contributions and achievements of employees, aiming to motivate and retain talent.

Interactions

The reciprocal action or influence between two or more entities, objects, or individuals, often resulting in a change or response.