Which of the Following Identified in an Analysis of the General

question 91

Multiple Choice

Which of the following identified in an analysis of the general environment is an opportunity for an entrepreneur who wishes to open a business doing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people?

• A) the average age of the population in his community is high
• B) the level of unemployment in his community is high
• C) a chiropractor and two independent physical therapists are located in his community
• D) the average education level of the population in his community is low

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Definitions:

Credit Column

A section on the right side of an accounting ledger used to record increases in liability, equity accounts, and revenue, or decreases in assets and expense accounts.

Ledger

A comprehensive collection of a company's accounts, where all transaction data from the journal is summarized and classified.

Unearned Rent

Income received by a landlord for rent that has not yet been earned because the rental period has not occurred.

Account Group

A classification system for organizing accounts in the accounting records, often used to group similar types of transactions or financial statement elements.