Which of the following best describes the term "expenses"?
a. The amount of total profits earned by a business since it began operations.
b. The amount of interest or claim that the owners have in the business.
c. The future economic resources of a business entity.
d. The outflow of assets resulting from the sale of goods and services.
d
You might also like to view...
All of the following are important elements of internal control over cash except ?
A) a petty cash system. B) a cash reserve. C) a bank reconciliation. D) the daily deposit of all receipts.
What is the average flow time of a half cup of peas if the diner orders at the economic order quantity?
A) 8.76 weeks B) 5.84 weeks C) 2.92 weeks D) 11.68 weeks
The ________ norm is typically judged to be the fairest choice in situations in which the goal is to maximize the productivity of individual employees.
A. prescriptive B. need C. equity D. equality E. standard
Why is customer service an important factor in business marketing?
What will be an ideal response?