Plans establish expectations and guidelines to direct future action
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Plans establish expectations and guidelines to direct future action. Among the most important of these are business plans, operating reports and personal activity reports.
Business
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People to whom an individual looks as a basis for self-appraisal or as a source of personal standards are known as a ______.
consideration set reference group social class family life cycle
Business
Closing entries which are made in the journal and posted to the ledger eliminate the balances in ________
a. liabilities accounts b. temporary accounts c. noncash accounts d. assets accounts
Business