A Quality Threshold Refers To

question 86

Multiple Choice

A quality threshold refers to:

• A)a product not being purchased because the cost of quality is too high.
• B)a baseline.
• C)a product not being purchased, regardless of quality, if there is no need to be filled.
• D)a product not being purchased because of low quality.

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Definitions:

Sales Tax Payable

Sales tax payable is a liability account that records the amount of sales tax collected by a company from customers, which is due to be paid to the governmental tax authority.

Liability Account

An account on the balance sheet representing an obligation to pay money or deliver goods or services to another entity in the future.

Merchandise Return

A transaction where customers return previously purchased merchandise to the seller for a refund, credit, or exchange.

Asset Account

An account that records the value of assets owned by a person or organization.