Which of the Following Statements Is an Example of Place

question 114

Multiple Choice

Which of the following statements is an example of place utility?

• A)airlines that allow you to print your own boarding pass at home
• B)a service station that adds a diesel fuel pump to its three unleaded gasoline pumps
• C)a mobile phone company that offers six-month financing,same as cash
• D)cold cut packages that can be zipped close for reuse
• E)an iPhone with a "multitouch" user interface for easy navigation

Recognize the steps involved in recording business transactions.

Analyze changes in owner's capital.

Understand the basic concepts of owner's equity and its computation.

Grasp the fundamental steps in the accounting recording process, including journalization, ledger posting, and preparing trial balances.

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Definitions:

Investment Centre

A business unit or division that is responsible for generating returns on the assets allocated to it, with managers typically evaluated on profitability and the efficiency of asset utilization.

Suboptimal Decisions

Choices or decisions made that are not the best possible ones, often resulting in less efficient or effective outcomes than could have been achieved.

Decentralisation

The distribution of decision-making power and operational responsibilities away from a central authority to lower levels in an organization.

Responsibility Accounting

An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers or departments.