________ Are Prescriptive Statements About What Companies Should Do and Are

question 85

Multiple Choice

________ are prescriptive statements about what companies should do and are put together by trade associations and government agencies.

• A) Best practices
• B) Recommended practices
• C) Both A and B
• D) Neither A nor B

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Definitions:

Accrue Payroll

To accrue payroll means to record expenses and liabilities for salaries and wages incurred by an organization during an accounting period, but not yet paid.

Warranty Costs

Expenses incurred by a company to repair, replace, or refund products that are found to be defective within a warranty period.

Two-Year Warranty

A guarantee provided by a seller or manufacturer to repair or replace defective goods for two years after purchase.

Tablet Computers

Tablet computers are portable, thin electronic devices equipped with a touchscreen interface, offering a combination of computing, internet, and multimedia capabilities.