The time period assumption states that
A. a transaction can only affect one period of time
B. estimates should not be made if a transaction affects more than one time period.
C. adjustments to the enterprise's accounts can only be made in the time period when the business terminates its operations
D. the economic life of a business can be divided into artificial time periods
Answer: D. the economic life of a business can be divided into artificial time periods
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Robin is looking for sales reps to sell her line of clothing. In searching for a sales rep, Robin will most likely look for someone:
A. Who sells distinctly different product lines B. Who does not sell in her targeted territories C. Who is already selling in her industry D. Who is selling many product lines E. Who is not yet established in the industry
The person who leads a requirements analysis needs to have a solid background in business management and information systems
Indicate whether the statement is true or false