The Production Cycle Is Different Than the Revenue and Expenditure

question 2

Multiple Choice

The production cycle is different than the revenue and expenditure cycles for all the following reasons except

• A) there are no direct external data sources or destinations.
• B) cost accounting is involved in all activities.
• C) not all organizations have a production cycle.
• D) very little technology exists to make activities more efficient.

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Definitions:

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Regulations issued by government agencies, based on the authority derived from statutes, that have the force of law.

Federal Level

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Administrative Agencies

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

Administrative Law

A branch of public law that governs the activities of administrative agencies of government including rulemaking, adjudication, or the enforcement of a specific regulatory agenda.