The Term "Deficit" Refers to

question 3

Multiple Choice

The term "deficit" refers to

• A) an excess of current assets over current liabilities.
• B) an excess of current liabilities over current assets.
• C) a debit balance in Retained Earnings.
• D) a loss that is reported as a prior period adjustment.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and the desire to do a task well.

Political Skill

The ability to effectively understand others at work and to use such knowledge to influence others to act in ways that enhance one’s personal or organizational objectives.

Visibility

The degree to which something is seen or how much exposure or attention it receives.

Personal Influence

The effect one individual's presence and actions have on the attitudes or behaviors of others.