Which of the Following Events Is Not a Business Transaction

question 215

Multiple Choice

Which of the following events is not a business transaction?

• A) Issuance of stock in exchange for cash.
• B) Hired employees.
• C) Incurred utility expenses for the month.
• D) Earned revenue for services provided.

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Definitions:

JIT Partnerships

Collaborative relationships between suppliers and manufacturers to ensure just-in-time delivery of parts and materials, reducing inventory costs.

Unnecessary Activities

Tasks or processes that do not add value to the product or service from the perspective of the customer, often targeted for elimination in efficiency improvement efforts.

In-Plant Inventory

Refers to the stock of raw materials, work-in-progress, and finished goods that are kept within a manufacturing plant or facility.

Just-In-Time Partnerships

Collaborations between companies that focus on producing or delivering goods only as they are needed, to reduce inventory costs and increase efficiency.