A Fast-Moving Consumer Good, Also Known as A(n) ________, Is

question 119

Multiple Choice

A fast-moving consumer good, also known as a(n) ________, is a low-cost good that people consume quickly and replace frequently.

• A) impulse product
• B) emergency product
• C) consumer packaged good
• D) specialty good
• E) shopping product

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Definitions:

Due Date

The specific date by which a payment must be made or a task completed.

Dated

Term often used to refer to something that is not current or is out of fashion; not applicable here as a defined key term in accounting or finance.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure accuracy.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.