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The Unified Modeling Language (UML) uses a set of symbols to represent graphically the _____ within a system.
Natural Resources
Natural resources are raw materials that are derived from the environment, such as minerals, forests, water, and fertile land, which can be used for economic gain.
Periodic Inventory System
An inventory system that updates inventory balance and cost of goods sold at the end of an accounting period, not continuously.
Economic Entity Assumption
An accounting principle that states a company and its owner(s) are separate entities for financial reporting purposes.
Expenses
Outflows or other uses of assets or incurrences of liabilities during a period from delivering goods, rendering services, or carrying out other activities.
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