The term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.
What is work product ?
Work product serves as the writings, notes, memoranda, that is been done on a conversations with the client or witness, as well as the confidential materials that is been formed by attorney while representing a client, particularly in preparation for trial.
On the hand can be regarded as the mental impressions, conclusions, opinions, for an attorney in anticipation of litigation , hence term term that serves as the process of identifying and documenting the functional and physical characteristics of a work product is Configuration management.
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CHECK THE COMPLETE QUESTION:
What process involves identifying and controlling the functional and physical design characteristics of products and their support documentation, and ensures that the descriptions of the project’s products are correct and complete?
Whats the Whole Question?
Answer:
Cash 44,250
Receivables $1,850
Equipment $26,600
Accounts payable 9,000
Capital 60,000
Revenue 8,150
Expenses 4,450
Explanation:
The question is to determine the recording of the transactions above on the Accounting equation
The accounting equation says Assets = Liabilities + Owners' Equity
In this context assets = Cash, Receivables and Equipment
Liabilities = Payables
Owners' Equity = Capital + Revenue - Expenses
The Accounting Equation
ASSETS = LIABILITIES + OWNERS EQUITY
Cash + Receivables + Equip. payable + Capital + Rev - Expens
1. $60,000 60,000
2. $22,000 $22,000
3. $3,100 3,100
4. -4,600 4,600
5 $5,050 5,050
6. -4,450 4,450
7. 3,200 -3,200
8. -13,000 -13,000
<u> 44,250 $1,850 $26,600 9,000 60,000 8,150 4,450</u>
Answer:
option A
Explanation:
correct answer is option A
Gathering market information and spreading the information in the firm and eventually using the information into action is best described as market sensing.
Market sensing is one of the biggest tool for any company to succeed in future because if company know the future demand he can act according to it.