Sales Should Be Recorded, at the Earliest, When

question 23

Multiple Choice

Sales should be recorded, at the earliest, when:

• A)the order is received.
• B)the order is received and credit is approved.
• C)credit is approved and it is verified that there is enough inventory to fill the order.
• D)the shipment takes place.

---

Definitions:

ATC Curve

Short for Average Total Cost Curve, it's a graphical representation used in economics to show how the average total cost of producing a good varies with the level of output.

Proportional Returns

The concept that the rate of return on an investment or project is consistent relative to the size of the investment.

Parkinson's Law

A principle stipulating that work expands to fill the time available for its completion.

Specialization

The process of concentrating on and becoming expert in a particular subject or skill, often leading to increased efficiency.