The Assumption That Enables Us to Prepare Periodic Statements Between

question 83

Multiple Choice

The assumption that enables us to prepare periodic statements between the time that a business commences operations and the time it goes out of business is:

• A)time period.
• B)business entity.
• C)historical cost.
• D)transaction.
• E)None of the answers are correct.

---

Definitions:

Technology Component

Elements or parts of a technological system, such as hardware, software, and network resources, that are essential for its functioning.

Throughputs

The amount of material or items passing through a system or process within a given period.

Technology Component

An element or part of a larger technological system that performs a specific function.

Quality Improvement

A systematic, formal approach to the analysis of performance and systematic efforts to improve it.