Which of the Following Is of Crucial Importance in the Achievement

question 100

Multiple Choice

Which of the following is of crucial importance in the achievement of high standards of service quality?

• A)Selection, training and rewarding of staff
• B)The provision of a high quality product with excellent features
• C)The very close monitoring of staff
• D)All of the above

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Definitions:

Valuation Technique

Methods and procedures used to estimate the value of an asset, liability, or company, including discounting cash flow analysis and comparative market analysis.

Expense Recognition

The accounting principle that costs are recorded in the period they are incurred in and matched with the revenues they help to generate.

Revenue Recognition

The accounting principle that determines the specific conditions under which income becomes realized as revenue.

Depreciable Asset

An asset subject to depreciation, which means its cost is allocated over its useful life due to wear and tear, deterioration, or obsolescence.