Accounting Terminology Listed Below Are Nine Technical Accounting Terms Introduced in This

question 119

Essay

Accounting terminology
Listed below are nine technical accounting terms introduced in this chapter: Each of the following statements may (or may not)describe one of these technical terms.In the space provided beside each statement,indicate the accounting term described,or answer "None" if the statement does not correctly describe any of the terms.
________ (a)Operating income divided by annual interest expense
________ (b)The amount paid during the current period to retired employees.
________ (c)A lease agreement that is viewed as equivalent to the lessee purchasing the leased asset.
________ (d)Using borrowed money to finance business operations.
________ (e)The risk of a loss occurring in a future period.
________ (f)A permanent reduction in the amount of income taxes owed which results from the tax deductions for depreciation.
________ (g)The amount that must be paid to settle a liability at the date it becomes due.

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Definitions:

Work Standards

The expected levels of performance and quality that employees are required to meet in their job roles.

Leadership Style

Leadership style is the recurring pattern of behaviours exhibited by a leader.

Recurring Pattern

A sequence or a cycle of events or behaviors that repeat at regular intervals.

Blake And Mouton

A managerial grid model developed by Robert Blake and Jane Mouton, which categorizes management styles based on concern for people and concern for production.