Matching Revenues and Expenses Refers To

question 20

Multiple Choice

Matching revenues and expenses refers to:

• A)having revenues equal expenses.
• B)recording revenues when cash is received.
• C)accurately reflecting the results of operations for a fiscal period.
• D)recording revenues when a product is sold or a service is rendered.

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Definitions:

Quality Function Deployment

A systematic approach to design based on a close awareness of customers' desires, with the aim of translating those desires into the target design.

Target Design

The process of developing products or systems with specific goals and requirements in mind, aimed at meeting the needs of the end-user.

Customer's Desires

The needs or wishes that drive consumers to purchase goods or services.

Group Technology

A product and component coding system that specifies the type of processing and the parameters of the processing; it allows similar products to be grouped.