Expensive Equipment Manufacturers Not Only Install the Equipment but Also

question 98

Multiple Choice

Expensive equipment manufacturers not only install the equipment but also train the staff and undertake the maintenance and repair activities of the equipment. By doing so, they are providing ________.

• A) payment equity
• B) value-augmenting services
• C) differential pricing
• D) facilitating services
• E) a primary service package

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Definitions:

Subsidiary Ledgers

Detailed ledgers that contain information supporting accounts listed in the general ledger, such as accounts receivable or inventory details.

Manual Accounting System

An accounting system in which records are maintained by hand without the use of computer systems.

Chart of Accounts

A systematic listing of all accounts used in the general ledger of an organization, categorized by assets, liabilities, equity, revenue, and expenses.

Two-column Journal

A type of accounting journal that consists of two columns, typically one for debits and one for credits.