Visual Aids That Show the Flow of Costs and Revenues

question 21

Multiple Choice

Visual aids that show the flow of costs and revenues over a period of time are known as

• A) cash flow diagrams.
• B) cost - revenue diagrams.
• C) Venn diagrams.
• D) business plans.

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Definitions:

Quality Control

The processes and measures implemented to ensure that the quality of a product or service meets the specified standards and requirements.

Established Quality Standards

Set criteria or benchmarks that define the specifications, technical details, and performance measures products or services must meet to ensure they are fit for purpose and meet customer expectations.