Accrued expenses may be described on the balance sheet as accrued liabilities.

Research has found that some cultures prefer ____________ relations and may not react well to the confrontational dynamics more common among North Americans.

a. functional. b. harmonious. c. professional. d. dysfunctional. e. team.

A few years ago, when Internet sales took off, the major automobile manufacturers had to decide whether they would sell directly or through their dealership network. In this situation a change in the industry's __________________ environment created a potential change in sales strategy.

A. Technological B. Social and cultural C. Political and legal D. Ethical E. Natural