A Scale of 1 Inch = 8 Miles Is an Example

question 10

Multiple Choice

A scale of 1 inch = 8 miles is an example of a

• A)written scale.
• B)relative scale.
• C)graphic scale.
• D)representative fraction.

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Definitions:

Extended Time

Additional time allotted beyond the original schedule or deadline for completing a task or project.

Percentage-Of-Completion Method

An accounting technique used in long-term project accounting that estimates and recognizes revenue and expenses as a percentage of the work completed.

Revenue Recognition

This is the accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.

Sale

The act of selling goods or services in exchange for money or other compensation.