_______ Utility Refers to an Orderly Transfer of Goods and Services

question 92

Multiple Choice

_______ utility refers to an orderly transfer of goods and services from the seller to the buyer.

• A)Form
• B)Ownership
• C)Exchange
• D)Place

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Definitions:

Internal Control

Policies and procedures implemented by a firm to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Bank Reconciliation

The process of verifying and reconciling the balance of a bank account with the corresponding financial records of a company or individual.

Internal Controls

Processes put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn against; stands for "Non-Sufficient Funds."