For Each of the Following Sentences 3-10,select the Word or Group

question 41

Short Answer

For each of the following sentences 3-10,select the word or group of words that best completes the statement.
The ____________________ of accounting is a system in which revenues are recognized when payments are received and expenses are recognized when payments are made.

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Definitions:

Internal Resources

Assets, capabilities, and systems within a company that can be leveraged to achieve business objectives.

Political Environment

Refers to the government actions, policies, and political stability of a country that can affect its business operations and markets.

Market Segments

Groups of potential customers with similar needs, preferences, or characteristics that a company targets with specific marketing strategies.

Latent Needs

Desires or requirements of consumers that they are themselves not aware of.