Listed Below Are Five Terms Followed by a List of Phrases

question 7

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize each of the terms. Match each phrase with the correct term.
-Periodicity assumption

• A)Implies consensus among different observers.
• B)Assumes an entity will continue to operate indefinitely.
• C)Ignores the possibility of inflation.
• D)Assumes all transactions can be identified with a particular entity.
• E)Requires reporting the financial life of an entity in discrete time frames.

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Definitions:

Cash Surpluses

Refers to the amount of cash that exceeds the cash needed to fund immediate expenses and operational activities.

BAT Model

The Behavior, Attitude, Technique (BAT) Model is a framework used for improving sales effectiveness and training by focusing on the behavior, attitude, and techniques of sales personnel.

Fixed Cost

Expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance premiums.

Opportunity Rate

The return a company foregoes by investing capital in one project over a potentially more profitable alternative.