Which of the Following Class Strata Constitute a Major Market

question 103

Multiple Choice

Which of the following class strata constitute a major market for do-it-yourself products?

• A) lower-upper class
• B) upper-middle class
• C) lower-middle class
• D) upper-lower class
• E) lower-lower class

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Definitions:

Accounts Payable

Debts a company incurs from acquiring goods and services on credit, which are due to be paid to creditors.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, reported on the income statement.

Credit Balance

The amount of money in a financial account that indicates a creditor's position; it can also mean the positive balance in a customer's account.

Wages Payable

Wages payable are the amounts owed to employees for work performed that have not yet been paid; it is a liability on the company's balance sheet.