A Business Person Running a Successful Bakery Wants to Sell

question 113

Multiple Choice

A business person running a successful bakery wants to sell franchises,and creates a franchise business model based on a precise division of labour in the bakery,and a precise division of labour for storefront sales.What term best describes this production and sales model?

• A) job fission
• B) Fordism
• C) job breakdown
• D) Taylorism

---

Definitions:

Revenue Recognition

The accounting principle that outlines the specific conditions under which revenue is recognized and recorded.

Customer Billing

The process of invoicing customers for goods or services provided, detailing the amount owed and payment terms.

Installment Sales Method

An accounting technique that recognizes revenue and expenses from a sale when payments are actually received, rather than at the point of sale.

Realized Gross Profit

The difference between the cost of goods sold and the sales revenue received, specifically referring to profit that has been recognized once a transaction is completed.