Revising the Basic Way That Business Is Done Is an Example

question 3

Multiple Choice

Revising the basic way that business is done is an example of what target of innovation?

• A) Service innovation
• B) Business model innovation
• C) Organizational innovation
• D) Marketing innovation

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Definitions:

Current Assets

Assets that a company expects to convert to cash, sell, or consume within one year or its operating cycle, whichever is longer.

Short-term Investments

Assets of a financial nature anticipated to be cashed in or disposed of within one year.

Adjusting Entries

Adjusting Entries are journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the accounts for the next accounting period.