A Credit Represents a Decrease in

question 53

Multiple Choice

A credit represents a decrease in

• A) an asset.
• B) a liability.
• C) owner's equity.
• D) revenues.

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Definitions:

Virtual Company

A business that operates online and does not have a traditional brick-and-mortar physical presence, often relying on digital networks for operations.

Vizio's Supply Chain

The network of suppliers, manufacturers, and logistics providers Vizio uses to produce and distribute its electronics products.

Few Suppliers

A procurement strategy where a company relies on a small number of suppliers for the provision of certain goods or services, often to increase quality control and build strong relationships.

Postponement Technique

A supply chain management strategy that delays the final assembly or customization of a product until the latest possible time to reduce inventory costs and better match customer demand.