Basic Business Principles Are the Same Whether the Organization Is

question 41

True/False

Basic business principles are the same whether the organization is making products or serving customers.

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Definitions:

Magazine Subscription

The payment for a pre-determined period of receiving periodic issues of a magazine or similar publication.

Paid

An amount of money that has been given or transferred in exchange for goods, services, or to settle a debt.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded through a standard accounting transaction, often recognized at the end of an accounting period.

Electric Bill

The cost incurred for the consumption of electricity by a household, business, or organization.