In Which of the Following Ways Can You Show Customers

question 72

Multiple Choice

In which of the following ways can you show customers how your product or service solves a problem, achieves a personal or work objective, or makes life easier?

• A)by adapting the message to the audience
• B)by organizing your message
• C)by collecting information for your message
• D)by analyzing the purpose of the message

Recognize the conditions that render a note negotiable.

Identify the extent of liability for payment on a negotiable instrument.

Comprehend the implications of being primarily or secondarily liable on a negotiable instrument.

Grasp the conditions under which a delay in payment or refusal to pay constitutes dishonor of an instrument.

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Definitions:

Accounts Payable

Accounts payable is a liability account that records amounts a company owes to suppliers or creditors for goods and services received but not yet paid for.

Utilities Expense

The cost incurred from the consumption of utility services such as electricity, water, and gas in the business operations.

Income Summary Account

An account used in closing entries to gather all income and expense items, facilitating the transfer of their net balance to retained earnings.

Expense Accounts

Accounts used to record the costs incurred to operate a business, which are then matched against revenues to determine net income.