Choose the synonym, according to the chapter
level off (To level off is to stop rising or falling)
a. oscillate
b. spike
c. stabilize
d. crash
e. fluctuate
stabilize
A project in which a company gives a portion of its income to its employees
a. employee benefits
b. charitable contributions
c. compensation of officers
d. profit sharing plan
e. pension plan
profit sharing plan
discontinue
Ex: Management chose to discontinue the "Legacy" software line to eliminate $1.5 million in annual fixed costs and improve overall profit margins
The factori budgeted xtra funds to handle a temporary spike in raws materials cost.
The factory budgeted extra funds to handle a temporary spike in raw material costs.
a. If something is _____, it is done to help other people, rather than to make a profit
b. The corporation recorded a $10,000 disbursement as a _____ contribution expense
a. If something is charitable, it is done to help other people, rather than to make a profit
b. The corporation recorded a $10,000 disbursement as a charitable contribution expense
sweep (A sweep is a quick scan of something)
a. scrutiny
b. broom
c. glimpse
d. vacuum
e. mop
scrutiny
To fail to pay someone for goods or services
a. honor
b. stiff
c. repay
d. settle
e. cooperate
stiff
adjusting entries
Ex: An adjusting entry is an amount that is recorded to compensate for an error
Weak audit trails helps the company prove that finantial statements is accurate and free from fraud.
Strong audit trails help the company prove that financial statements are accurate and free from fraud.
a. A _____ is the pattern of buying and selling that a business goes through
b. The _____ traces the lifecycle of a business event from its origin, through recording and classification, to its final presentation in financial statements
a. A flow of transactions is the pattern of buying and selling that a business goes through
b. The flow of transactions traces the lifecycle of a business event from its origin, through recording and classification, to its final presentation in financial statements
ease of use (Ease of use is the degree to which something is simple and easy to use)
a. complication
b. laboriousness
c. arduousness
d. intuitiveness
e. complexity
intuitiveness
When something is now fully operational
a. online
b. shut down
c. out of service
d. inactive
e. up and running
up and running
user-friendly
Ex: By upgrading to a user-friendly accounting platform, our non-financial staff can now easily track expenses and generate payroll reports without any training
The computer downloads old software updates in night
The computer downloads new software updates at night
a. _____ is the degree to which something is practical and useful
b. The updated accounting software offers advanced _____ for automated bank reconciliations and multi-currency reporting.
a. Functionality is the degree to which something is practical and useful
b. The updated accounting software offers advanced functionality for automated bank reconciliations and multi-currency reporting.
impaired (If something is impaired, it is not able to fulfill its desired function)
a. undamaged
b. defective
c. flawless
d. functional
e. pristine
defective[1]
[1] defectuoso
An amount of money and/or other benefits given to an employee when he or she is fired
a. non-compete clause
b. termination letter
c. severance package
d. performance bonus
e. sign-on bonus
severance package
downsizing
Ex: To improve the bottom line, the CFO announced a corporate downsizing of the operational staff, which will decrease our monthly payroll expenses by $1.2 million
The company announced a sudden layoff affects 200 worker
The company announced a sudden layoff affecting 200 workers
a. A _____ is a formal legal proceeding
b. The auditors requested documentation regarding the employment _____ to evaluate whether the company's insurance coverage would be sufficient
a. A lawsuit is a formal legal proceeding
b. The auditors requested documentation regarding the employment lawsuit to evaluate whether the company's insurance coverage would be sufficient
make a killing (To make a killing is to make a huge amount of profit)
a. bleeding pennies
b. take a bath
c. incur a loss
d. go belly up
e. make a fortune
make a fortune
Any course of action that is immoral
a. low road
b. economize
c. go the extra mile
d. high road
e. expense control
low road
exploit
Ex: To exploit someone is to use him or her unfairly
The brand use environmentaly friendly packaging make from recycled paper
The brand uses environmentally friendly packaging made from recycled paper
a. If something is _____, it does not adhere to accepted standards of appropriate behavior
b. The CFO was fired for engaging in _____ accounting practices.
a. If something is unethical, it does not adhere to accepted standards of appropriate behavior
b. The CFO was fired for engaging in unethical accounting practices.