Accounting Semester 2 Final Transactions questions and answers (verified for accuracy)

entrepreneurship - the pursuit of lucrative opportunities by enterprising individuals small business - a business having fewer than 100 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices entrepreneurial venture - a new bus...

Bounded Rationality - the view that people are bounded in their decision-making capabilities, including access to limited information, limited information processing, and tendency toward satisficing rather than maximizing when making choices Cognitive Dissonance - an emotional experience caused b...

Which of the following statements describes how bookkeeping is different from accounting - Bookkeeping is only one part of the accounting process Which of the following terms describes the scenario of a company earning less than the amount the company spends - Loss Which of the following types...

The work sheet is used to pull together all the information needed to prepare the financial statements and complete the end-of-period activities. - True A single rule under a column of amounts means that the amounts are to be added or subtracted - True the work sheet is prepared in pen because...

Free Enterprise System - People are free to produce the goods and services they choose Profit - When a business earns more money than it spends Loss - When a business spends more money to operate than it earns from the sale of goods and services Entrepreneurs - Transform ideas for products ...

which of the following accurately defines mathematics? - study of numbers, quantity, shapes and the relationships among them which of the following professionals apply math by estimating yeild? - military officers according to the segment, programmers and software engineers apply math in which...