Among Business Products, Support Products Include Installations Such as

question 253

Multiple Choice

Among business products, support products include installations such as

• A) convenience products.
• B) buildings and fixed equipment.
• C) tools and office equipment.
• D) raw materials and component parts.
• E) maintenance, repair, and legal services.

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Definitions:

Additional Investment

Extra funds invested into a business by its owners or shareholders over and above the initial or previous investments.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenue.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest in the company.

Owner's Drawings

The funds taken from the business by the owner for personal use, not considered as salary or wages.