The Concept That Assists Accountants in Determining How Often to Prepare

question 59

Multiple Choice

The concept that assists accountants in determining how often to prepare financial reports is the:

• A)Cost principle.
• B)Time-period assumption.
• C)Recognition criteria for revenue.
• D)Matching objective.

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Definitions:

Personal Selling Process

A series of steps taken by salespeople to develop customer relationships and close sales through personal interaction.

Personal Selling Process

A direct marketing approach involving face-to-face interaction between salespersons and prospective customers to present and sell products or services.

Personal Selling Process

A series of steps salespeople use, from prospecting to closing, to persuade consumers to make a purchase.

Qualified Prospect

A potential customer who has been researched and vetted to meet certain criteria making them more likely to purchase.