In__________,data Can Be Accessed Directly from Operational Databases and All

question 53

Multiple Choice

In__________,data can be accessed directly from operational databases and all transactions are processed as soon as they occur.

• A)batch processing
• B)online analytic processing (OLAP)
• C)online transaction processing (OLTP)
• D)POS processing

Identify and correct errors in the preparation of the adjusting entries.

Journalize adjusting entries for unearned revenues, prepaid expenses, accrued expenses, and depreciation.

Explain the effects of omitting adjusting entries on financial statements.

Prepare necessary journal entries for payroll adjustments.

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Definitions:

Enforces

The act of compelling obedience to laws, rules, or obligations.

Taft-Hartley Act

A 1947 U.S. federal law that restricts the activities and power of labor unions, also known as the Labor Management Relations Act.

Landrum-Griffin Act

Federal law that primarily governs the internal operations of labor unions. It requires financial disclosures by unions, establishes penalties for financial abuses by union officials, and includes “Labor’s Bill of Rights” to protect employees from their own unions.

Labor Unions

Organizations that represent the collective interests of workers, negotiating wages, benefits, and working conditions with employers.