Which of the Following Statements Is True Regarding Monochromatic Time

question 84

Multiple Choice

Which of the following statements is true regarding monochromatic time?

• A)Interruptions are not looked down upon.
• B)Everything has its own specific time.
• C)It can be observed in Greece,Italy,Chile,and Saudi Arabia.
• D)People tend to mix business and family activities.
• E)Many things are scheduled at the same time.

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Definitions:

Expense Accounts

Accounts used to record business expenses, which reduce net income in the profit and loss statement.

Income Summary

An account used in the closing process that summarizes revenues and expenses to determine the net income or loss for a period.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, recorded on the left-hand side.

Utilities Expense

Utilities Expense refers to the cost incurred from the consumption of utilities services like electricity, water, and gas in the course of business operations.