__________Refers to the Process by Which an Increasing Number of People

question 126

Multiple Choice

__________refers to the process by which an increasing number of people live in cities rather than rural areas.

• A) Ruralization
• B) Urbanization
• C) Suburbanization
• D) Industrialization

---

Definitions:

Liabilities

Financial obligations or debts a company owes to others, due to be paid in the future.

Accounts Payable

describes the short-term liabilities a company owes to its suppliers or creditors for goods or services received but not yet paid for.

Accounts Receivable

The amount of money owed to a business by its customers for products or services that have been delivered but not yet paid for.

Liability

A financial obligation owed by an individual or entity to another party, typically classified as current or long-term.