It Is Not Necessary to Connect the Time Used Entity

question 14

Multiple Choice

It is not necessary to connect the Time Used entity to specific business events,however,doing so facilitates

• A) evaluating performance at a very detailed level.
• B) general performance evaluation.
• C) evaluating the quality of the services received.
• D) determining productivity of employees, such as how many customer calls were made, or how many sales were made.

---

Definitions:

Present Value

The present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Profits

The expected financial gains of a company or investment over future periods, often considered for making business or investment decisions.

Profit-Maximizing

A strategy where a firm adjusts its production output and pricing to achieve the highest possible profit.

Extraction Companies

Firms that specialize in the removal of natural resources, such as mining or oil and gas companies, from the earth for commercial use.