In Most Situations,the Simplest,easiest and Most Cost-Effective Way to Acquire

question 92

Multiple Choice

In most situations,the simplest,easiest and most cost-effective way to acquire new technology is to

• A)buy it.
• B)develop it internally.
• C)license it from others.
• D)develop a joint venture.
• E)purchase the owner of the technology.

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Definitions:

Sales Journal

A specialized accounting journal used to record all sales of goods and services on credit.

Sales Revenue

The total amount of money a company receives from its sales of goods or services before any expenses are subtracted.

Cross-Footing

A bookkeeping process that involves checking the mathematical accuracy of figures in financial statements by ensuring that sums of columns and rows respectively match.

Cash Receipts Journal

A specialized accounting journal used to record all receipts of cash.