3/25/25, 12:16 AM D774 WGU
WGU D774-Intro to Business Accounting | OA|
Explore New 91 Study Questions and Answers|2025
Update | 100% Correct.
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WGU D774 Intro to Business Accounting
91 correct terms
Questions and answers
All
,3/25/25, 12:16 AM D774 WGU
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2 of 91
Definition
An organizational unit in which a manager has control over and is
held accountable for cost performance.
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Investment Center Profit Center
Cost Center Revenue Center
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3 of 91
Definition
A budgeting process that involves making incremental changes to a
current budget to produce a budget for a future period.
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Incremental Budgeting Activity-based Budgeting
,3/25/25, 12:16 AM D774 WGU
Top-down Budgeting Modified Zero Based Budgeting
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4 of 91
Definition
A law passed by Congress in 2008 to improve financial market
stability and curb risky financial industry activities in the United
States.
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Federal Reserve Act Dodd-Frank Act
Sarbanes-oxley Act Usa Patriot Act
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5 of 91
Definition
An organization that combines resources, skills, capital, labor, and
knowledge to provide goods and services to a market in pursuit of
profit.
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, 3/25/25, 12:16 AM D774 WGU
Partnership Proprietorship
Corporation Franchise
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6 of 91
Definition
The remaining claim against the assets of a business after the
liabilities have been deducted.
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Expenses Revenues
Retained Earnings Owners' Equity
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Definition
Economic resources that are owned or controlled by a company.
WGU D774-Intro to Business Accounting | OA|
Explore New 91 Study Questions and Answers|2025
Update | 100% Correct.
Correct
Incorrect
WGU D774 Intro to Business Accounting
91 correct terms
Questions and answers
All
,3/25/25, 12:16 AM D774 WGU
Don't know?
2 of 91
Definition
An organizational unit in which a manager has control over and is
held accountable for cost performance.
Give this one a go later!
Investment Center Profit Center
Cost Center Revenue Center
Don't know?
3 of 91
Definition
A budgeting process that involves making incremental changes to a
current budget to produce a budget for a future period.
Give this one a go later!
Incremental Budgeting Activity-based Budgeting
,3/25/25, 12:16 AM D774 WGU
Top-down Budgeting Modified Zero Based Budgeting
Don't know?
4 of 91
Definition
A law passed by Congress in 2008 to improve financial market
stability and curb risky financial industry activities in the United
States.
Give this one a go later!
Federal Reserve Act Dodd-Frank Act
Sarbanes-oxley Act Usa Patriot Act
Don't know?
5 of 91
Definition
An organization that combines resources, skills, capital, labor, and
knowledge to provide goods and services to a market in pursuit of
profit.
Give this one a go later!
, 3/25/25, 12:16 AM D774 WGU
Partnership Proprietorship
Corporation Franchise
Don't know?
6 of 91
Definition
The remaining claim against the assets of a business after the
liabilities have been deducted.
Give this one a go later!
Expenses Revenues
Retained Earnings Owners' Equity
Don't know?
7 of 91
Definition
Economic resources that are owned or controlled by a company.
