Which of Following Statements Is True

question 6

Multiple Choice

Which of following statements is true?

• A)Managerial accounting focuses on historical transactions.
• B)Financial accounting focuses on future data.
• C)Management accounting focuses on relevant data.
• D)Managerial accounting uses the cash basis for recording transactions.

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Definitions:

Prospect Role

The part or responsibility that a potential customer plays in the sales process, often influenced by their needs, interests, and decision-making power.

Open-ended Questions

Questions formulated to elicit more detailed and thoughtful responses, encouraging the respondent to elaborate on their answers.

Presumptive Close

A sales technique where the salesperson assumes that the customer has already decided to buy and moves towards finalizing the sale.

Multiple-close Sequence

A sales strategy that uses a series of closing techniques, one after another, to seal a deal when a buyer shows hesitation.