Mass Transit, According to Feagin and Parker, Has

question 5

Multiple Choice

Mass transit, according to Feagin and Parker, has

• A) been opposed by businesses that make and market petroleum products, automobiles, and tires.
• B) grown steadily in this country since the turn of the century, but will decline in the future.
• C) become increasingly important in wealthier countries of the world, but has declined in importance where people are very poor.
• D) gained support as a result of technological breakthroughs and lost support due to catastrophic accidents that cost human lives.

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Definitions:

Revenue

The total amount of money generated by a company from its business activities, such as sales of goods or services, before any expenses are deducted.

Salaries Payable

A liability account that records the amounts of wages earned by employees that have not yet been paid to them.

Salaries Expense

An accounting item that represents the total amount paid to employees in the form of salaries over a specific period of time.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.