Most Companies Recognise Sales When

question 75

Multiple Choice

Most companies recognise sales when:

• A) the merchandise is shipped.
• B) a customer order is received.
• C) the merchandise is received by the customer.
• D) cash is received on account.

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Definitions:

Capital Goods

Long-term assets used in the production of goods and services, such as machinery, buildings, and equipment.

Quality

The degree to which a product, service, or process meets predefined criteria or expectations, often related to consistency, reliability, and performance.

On-The-Job Experience

Practical and valuable knowledge or skills gained through actual work performed, rather than theoretical studies or classroom learning.

Labor Productivity

A gauge of economic productivity that contrasts the total output of goods and services with the labor hours invested in creating those outputs.