There Are Several Companies That Work with Manufacturers to Prevent

question 92

Multiple Choice

There are several companies that work with manufacturers to prevent unscheduled downtimes by providing equipment maintenance and lubrication. A salesperson for Mobil Oil, whose subsidiary Mobil Planned Engineering Service is one of the providers of such a service, could use _____ to build value.

• A)brand image
• B)egotism
• C)company reputation
• D)the salesperson
• E)services

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Definitions:

GAAP

Stands for Generally Accepted Accounting Principles, which are a common set of accounting rules and standards used in the United States.

Notes Payable

Written agreements where a borrower promises to pay back a specified sum to the lender at a future date.

Adjusting Entry

A journal entry made at the end of an accounting period to record any unrecognized income or expenses for that period.

Sales Tax

Sales tax is a government levy imposed on the sale of goods and services, collected by the seller from the buyer at the point of sale.