The Revenue Cycle Involves the Procedures in Generating a Sales

question 69

True/False

The revenue cycle involves the procedures in generating a sales order,shipping the products,recording the transaction,and collecting the receivable.

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Definitions:

Shaping

A method of training by which successive approximations toward a desired behavior are reinforced.

Desired Response

The preferred or intended outcome of a particular behavior or action.

Closer Approximations

Represents a method or process in mathematics and science for estimating a value or position with increasing accuracy.

Reinforcement Contingency

A condition where the delivery of a reinforcement depends on the occurrence of a specific behavior.