A sales manager sets an objective for her team to increase the units sold by 5% for the quarter. This objective is most likely part of a detailed ________ plan that is created annually, semiannually, or quarterly

Although joint ventures between firms in the same industry ________ collusive implications, research has shown that these kinds of joint ventures are ________

A) may have; relatively rare B) are not likely to have; relatively rare C) may have; relatively common D) are not likely to have; relatively common

The entry to close the appropriate insurance account at the end of the accounting period is

A) debit Income Summary; credit Prepaid Insurance B) debit Prepaid Insurance; credit Income Summary C) debit Insurance Expense; credit Income Summary D) debit Income Summary; credit Insurance Expense