Which of the Following Is NOT One of the Seven

question 20

Multiple Choice

Which of the following is NOT one of the seven basic factors to consider in the allocation of a salesperson's time?

• A) Frequency of customer sales calls
• B) Return on time invested
• C) Nonselling time
• D) Compensation
• E) Travel time

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Definitions:

Depreciated

The decrease in the value of an asset over time, typically due to wear and tear or obsolescence.

Equipment

Tools, machinery, or other apparatus necessary for the manufacture of goods, provision of services, or office operations.

Accrued Expense

An expense that has been incurred but not yet paid for.

Adjusting Entry

A journal entry made at the end of an accounting period to account for unrecorded transactions or to adjust incorrect entries.