The Following Are Examples of Technological Breakthroughs That Came Out

question 54

Multiple Choice

The following are examples of technological breakthroughs that came out of a government or university laboratory, except

• A) the Internet.
• B) genetic engineering.
• C) nuclear energy.
• D) disposable contact lenses.

Grasp the concept and application of zero-based budgeting.

Analyze and prepare production budgets based on sales forecasts and inventory requirements.

Calculate cash collections and understand the impact of credit sales on cash flow.

Understand how budgetary planning and control contributes to a company’s financial health.

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Definitions:

Liability Estimation

The process of assessing the potential liabilities or debts that a business may incur in the future.

Estimable Liability

A financial obligation or debt that can be accurately estimated and measured for accounting and reporting purposes.

Probable Likelihood

The significant chance or high probability that an event will occur, often used in risk assessment.

Quick Ratio

A liquidity metric that indicates a company's capacity to pay off its short-term liabilities with quick assets (cash, marketable securities, and receivables).