Answer: Accounting concept refers to the assumptions on which the recording of transactions is done.
Explanation: The following options could be characterized as follows :-
A. Going concern assumption
B. Economic entity assumption
C. Full disclosure principle
D. Monetary unit assumption
E. Materiality
F. Periodicity assumption
G. Expense recognition principle
H. Historical cost principle
Its Polychronic culture use of time.
Explanation:
The polychronic has a meaning that the person is open to do different things in the same time. When it comes to a culture, it means the person is raised in the way that they accept an interruption while doing one thing. They are raised that it is normal for a person to do many things in the same time.
The opponent of polychronic is a monochronic culture. In monochronic a person is raised in the way that he should be focus only on one thing. Polychronic culture often be seen in
- Arabic,
- Middle-East,
- and African countries.
- While
While Monochronic usually can be found in
- United States
- North European countries.
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Answer: accommodate changes in activity levels.
Explanation:
A flexible budget is refered to as the budget which changes based on the actual activity. It accommodate changes in activity levels.
It is the budget which is allowed to be adjusted as a result of the change in the assumptions that's used in the creation of the budget during the planning process of the management.
Supply chain management involves actively planning and controlling the activities in a supply chain in order to achieve minimum costs and maximum output.
Supply Chain Management is also known as SCM. Supply Chain Management has a large range of activities that fall under the SCM category. The activities involved planning and executing strategies related to production and distribution of the final good. In SCM keeping costs low while producing a large amount of products would be the main goal of a company.
