The Asset That Results When a Customer Buys Goods or Services

question 46

Multiple Choice

The asset that results when a customer buys goods or services on credit is:

• A)Accounts receivable
• B)Accounts payable
• C)Notes receivable
• D)Cash

---

Definitions:

Organizational Objectives

The specific goals a company aims to achieve within a defined period, guiding its operations and strategic directions.

Strategic Objectives

Specific, measurable goals set by an organization to guide its direction and performance over a defined period, aligned with its overall mission and vision.

Costs to Individuals

Expenses or losses borne by individuals, potentially including financial, emotional, or health-related costs in various contexts.

Downsizing Strategy

A corporate strategy involving the reduction of a company's workforce to improve its financial performance or adapt to changing market conditions.