Which One of the Following Best Defines an Internal Event

question 55

Multiple Choice

Which one of the following best defines an internal event in terms of accounting?

• A)Every type of transaction is an internal event
• B)An event recognized in a set of financial statements
• C)A happening of consequence to an entity
• D)An event occurring entirely within an entity

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Definitions:

Routing

Phase of production control that determines the sequence of work throughout the facility and specifies who will perform each aspect of production at what location.

Production Control

The process of planning, coordinating, and controlling the manufacturing or production process in an organization.

Gantt Chart

A visual project management tool that outlines a project schedule, showing the start and finish dates of various elements.

Production Control

The activity of planning, coordinating, and controlling the manufacture process from raw materials to finished product delivery.