Marketers Should Be Aware of Tax Codes,operating Rules,and Guidelines That

question 31

Multiple Choice

Marketers should be aware of tax codes,operating rules,and guidelines that affect business and industry in a given society. This is the context.

• A)social
• B)political
• C)physical
• D)economic

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Definitions:

Accounts Payable

Liabilities or amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Accrued Liabilities

Expenses that have been incurred but not yet paid or recorded through a standard accounting transaction, representing future cash outflows.

Decrease Cash

Decrease cash refers to a reduction in the amount of money and cash equivalents available in a company, which can result from paying expenses, purchasing assets, or distributing dividends.

Inventory Method

An accounting approach used to value and manage the inventory a business holds, affecting cost of goods sold and ending inventory.