Which of the Following Is Not One of the General

question 116

Multiple Choice

Which of the following is not one of the general categories of business processes?

• A)Revenue Processes
• B)Inventory Processes
• C)Expenditure Processes
• D)Conversion Processes

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Definitions:

Treasury Stock

Shares of a company's own stock that it has repurchased from shareholders and can hold, reissue, or retire.

Common Stock

Represents ownership shares in a corporation, giving shareholders voting rights and a residue claim on corporate earnings in the form of dividends.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors, which are reinvested in the business.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.