One Disadvantage of Electronic or Digital Communication Is That When

question 7

Multiple Choice

One disadvantage of electronic or digital communication is that when bargaining or negotiating through such channels,there tends to be ________ than in face-to-face communications.

• A)considerably more cost per interaction
• B)fewer opportunities to deliver messages across a large geographic area
• C)less ability to share information and make decisions
• D)greater distrust beforehand and less satisfaction afterward
• E)more hasty decision-making and more regret afterward

Identify and correct errors in cash transactions and accounting records.

Apply internal control principles to cash transactions.

Prepare adjusting journal entries as a result of the bank reconciliation process.

Understand the purpose and operation of a petty cash fund, including establishment, replenishment, and adjustment.

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Definitions:

Shareholder

An individual or organization that owns at least one share of a company's stock, making them a part owner of that company.

Unincorporated

Refers to a business or organization that hasn't been legally established as a corporate entity, and thus, its owners bear personal liability for its debts and actions.

Net Profits

The amount of money left after all operating expenses, taxes, interest, and preferred stock dividends have been deducted from total revenue.

Dress Boutique

A specialty retail store that focuses on selling dresses and often offers a variety of styles from casual to formal wear.