The establishment of a common size for electric light sockets is an example of:
A) diversification.
B) product focus.
C) simplification.
D) standardization.
E) none of the above
D
Business
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Accounting recognizes a sale when
A) inventory becomes the legal property of the customer. B) cash is received from the customer. C) a sales order is approved by sales, inventory control, and credit departments. D) inventory is removed from the warehouse.
Business
Which of the following is not a primary reason why many people hold cash?
A) To undertake transactions B) To avoid credit C) To have an emergency reserve D) To have a store of value
Business