________ and ________ Are the Two Types of Prototypes

question 30

Multiple Choice

________ and ________ are the two types of prototypes.

• A)New process; old process
• B)Long term; short-term
• C)Evolutionary; throwaway
• D)Throwaway; permanent

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Definitions:

Accounting Entities

Organizations or business units considered separate from their owners for accounting purposes.

Prospective

Relating to or effective in the future, often used in planning and forecasting scenarios.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Depreciation Expense

The portion of the cost of a fixed asset that is considered consumed in each period of the asset's useful life.