Use the Following Terms to Fill in the Correct Answers

question 1

Multiple Choice

Use the following terms to fill in the correct answers.
An operating statement for an organization lists the 1. __, 2. __ , and 3. __; while the balance sheet presents an organization's 4. __, 5. __, and 6. __.

• A) Assets
• B) Liabilities
• C) Equity/Net Assets
• D) Revenues
• E) Expenses
• F) Surplus or Deficit/Change in Net Assets

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Definitions:

Throughput

The rate at which a system generates its products or services over a given period of time.

Facility

A physical or virtual location where business operations occur, such as a factory, warehouse, office, or even software platforms.

Period of Time

A length or duration of moments which is measured in terms of seconds, minutes, hours, days, months, or years.

Capacity Decision

A determination made regarding the amount of production resources needed to meet expected demand.