Match the Term with Its Definition

question 101

Multiple Choice

Match the term with its definition.
-Assets whose value declines, or depreciates, over time

• A)accrual-basis accounting
• B)cash
• C)cash-basis accounting
• D)depreciable assets
• E)depreciation expense
• F)financial statements
• G)inventory
• H)liquidity
• I)operating profit margin
• J)return on assets
• K)return on equity

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Definitions:

Committed a Crime

The act of engaging in an action that violates a law and is subject to legal prosecution and punishment.

Failure

The lack of success in achieving a desired outcome or meeting a set objective.

Negotiated Rule Making

Occurs when an agency that is about to create a new rule or revise existing rules enters into a cooperative process by which all parties affected by the rule have a chance to shape the final form that the rule will take.

Agencies

Organizations or bodies, either government or private, established to provide specific services or enforce regulations.