"You'll Notice the Trimming Machine Requires Workers to Pull Two

question 55

Multiple Choice

"You'll notice the trimming machine requires workers to pull two levers at the same time. Although this may appear inconvenient, it assures the worker's hands will not be caught in the blades." In this example, the salesperson is _____ an objection regarding the extra effort required to use the trimming machine.

• A)revisiting
• B)denying
• C)predicting
• D)forestalling
• E)passing-up

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Definitions:

Expense Recognition Principle

An accounting principle that expenses are recognized and recorded when they are incurred, regardless of when cash payments are made.

Expenses

Costs incurred in the operation of a business to earn revenue, including operating and non-operating expenses.

Revenues

Income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Asset Account

An account that represents a resource owned or controlled by a company that is expected to provide future economic benefits.