Subjective Benefits Are Usually Based On: ​

question 105

Multiple Choice

Subjective benefits are usually based on: ​

• A)Reasonable estimates of past benefits
• B)Opinions that are difficult to quantify
• C)The biases by people who want the project to be approved.
• D)​All of the above
• E)​Both A & B
• F)​Both B & C

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Definitions:

Cash

Liquid currency and instruments that are readily convertible to known amounts of cash and used to settle debts or buy goods and services.

Fees Earned

Income generated from the provision of services rather than the sale of goods, often recorded as revenue on the income statement.

Accounts Receivable

Funds that clients or customers have yet to pay to a company for products or services already provided.

Accounts Payable

Obligations a company has to pay back to lenders for products and services bought on credit.