Which of the Following Is an Example of a Policy

question 41

Multiple Choice

Which of the following is an example of a policy?

• A) Diversify product line to appeal to more people.
• B) Increase sales by ten percent over last year.
• C) Only acquire companies of 75 employees or more; 75 percent must be engineers.
• D) Develop and sell quality appliances worldwide.
• E) Diversify from retailing into delivery.

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Definitions:

Professional Organization Dues

Membership fees paid to belong to an organization related to one's professional field, which may be tax-deductible.

Employer-provided Vehicle

An employer-provided vehicle is a car or other vehicle that a company provides to its employees for their use, often as part of their compensation or benefits package.

Accrual Basis of Accounting

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.

Cash Receipts and Disbursements

An accounting method that tracks the actual cash flow, recording revenues when received and expenses when paid.