Liabilities Are

question 161

Multiple Choice

Liabilities are:

• A)insider claims to the business's assets.
• B)outsider claims to the business's assets.
• C)economic resources of a business.
• D)increases in owner's equity earned by delivering goods or services.

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Definitions:

Sustainable Supply Chain

A supply chain management approach that incorporates ecological and social considerations into all stages of the supply chain.

Sustainability Standards

Guidelines and criteria designed to promote environmentally responsible and socially equitable business practices within industries.

Inbound Logistics

The process of receiving, handling, and storing goods that are coming into a business from suppliers.

Physical Distribution

The activities involved in moving a product from the point of production to the point of consumption, including transportation, warehousing, and inventory management.