The Time That Elapses Between Asking a Question and Receiving

question 18

Multiple Choice

The time that elapses between asking a question and receiving the answer is called

• A)response latency.
• B)base time.
• C)lag time.
• D)tachistostic.
• E)awareness response.

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Definitions:

Adjusting Entry

An accounting entry made in the books at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.

Legal Services

Professional services provided by lawyers or attorneys related to the law, including advice, representation, or legal documentation.

Supplies Expense

The cost incurred by a business for small items or materials that are used during the operation of the business.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to update the balances of certain accounts.