Which of the Following Is an Example of Current Liability

question 7

Multiple Choice

Which of the following is an example of current liability?

• A) Accounts payable
• B) Prepaid expenses
• C) Inventory
• D) Mortgage payable

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Definitions:

Market Prices

The current prices at which goods or services are bought and sold in a marketplace.

Market Position

The standing or rank of a company, product, or brand in a particular market, often relative to its competitors.

Reference Pricing

Psychological pricing strategy common in retailing goods for which consumers have an idea of what the price “should be.”

Price Lining

A pricing strategy where products or services are grouped into different price ranges to target various consumer segments.