The First Statement Made by One of Two Persons Can

question 44

Multiple Choice

The first statement made by one of two persons can be anyone of the following except:

• A) acceptance.
• B) preliminary discussion.
• C) invitation to negotiate.
• D) a survey.

---

Definitions:

Permanent/Temporary

Describes items or accounts within financial accounting that either persist over time (permanent) or are expected to be concluded within a certain period (temporary).

Normal Balance

The side (debit or credit) on which entries increase an account's balance, based on the accounting equation.

Financial Statement

A written record that conveys the financial activities and conditions of a business or individual, typically including the balance sheet, income statement, and cash flow statement.

Permanent/Temporary

This refers to the nature of employment or status of objects wherein 'permanent' indicates indefinite duration and 'temporary' indicates a fixed duration.