Which of the Following Items Is a Non-Monetary Item

question 4

Multiple Choice

Which of the following items is a non-monetary item?

• A)Accounts receivable.
• B)Inventory.
• C)Accounts payable.
• D)Cash.

Comprehend the components and calculations involved in cost of goods for merchandising entities.

Identify the roles and activities within service firms related to customer interaction.

Understand the concept and components of billable hours in professional and service environments.

Distinguish between different costing systems and their application in service and merchandising contexts.

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Definitions:

Major Rule

The major rule, often in the context of administrative law, refers to a principle that significant regulatory actions or policies should undergo extensive review and possibly require congressional approval due to their potential impact.

Office of Management and Budget

A U.S. government office responsible for developing the federal budget and overseeing the effective implementation of government financial policies and programs.

Administrative Agencies

Government bodies responsible for the oversight and administration of specific functions, such as regulation or enforcement of laws and public policies.

Fourth Branch

Informal term for groups or entities, like the media or regulatory agencies, that influence but do not belong to the official branches of government.