What Is the Most Effective Way to Prevent Future Problems

question 6

Multiple Choice

What is the most effective way to prevent future problems?

• A)React as quickly as possible to each problem.
• B)Think about each problem thoroughly when it happens.
• C)Develop plans to prevent problems before they occur.
• D)Evaluate all problems at the end of each week.

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Definitions:

Transferred

Transferred refers to the process of moving assets, responsibilities, or rights from one entity to another.

Customers

They are the individuals or businesses that purchase goods or services from a company, essentially driving its revenue.

Cash Collected

The total amount of money received by a company during a specific period, often through sales or services rendered.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.