Which of the Following Best Describes What Is Meant by the Phrase

question 35

Multiple Choice

Which of the following best describes what is meant by the phrase "uncontrollable spending" in the context of the federal budget?

• A) Much of the budget is already committed by past contracts and agreements.
• B) Congress and the president seldom agree on a budget.
• C) Politicians lack the courage to make budget cuts.
• D) The amount of time spent in hearings and debates on the federal budget increases every year.
• E) Spending is automatic if no budget agreement is reached.

Identify the appropriate journal for recording various types of transactions.

Define and understand the concept of a business segment.

Recognize the differences in the sales journal under perpetual and periodic inventory systems.

Understand the process and significance of online processing in data entry.

---

Definitions:

Sales Prices

The set amount at which goods or services are sold to customers, influencing the business's revenue.

Salespeople

Individuals who are employed to sell products or services to customers.

Number Of Sales

quantifies the total sales transactions completed within a specific period, often used to gauge business performance.

Bonus

A form of additional compensation given to an employee or workers, above their normal pay, for achieving a certain level of performance or for special occasions.