A Business Receives Its Bill for Utilities for the Current

question 151

Multiple Choice

A business receives its bill for utilities for the current month that it plans to pay next month when the payment is due. This transaction causes:

• A)an increase in both assets and owner's equity.
• B)a decrease in both owner's equity and liabilities.
• C)an increase in both assets and liabilities.
• D)an increase in liabilities and a decrease in owner's equity.

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Definitions:

Strategic HR Planning

The process of aligning human resource management strategies with the overall strategic objectives of an organization to optimize workforce performance and meet future business needs.

Environmental Scanning

The act of examining the external factors influencing an organization's environment to identify trends, opportunities, and threats that could impact future operations.

External Environment

The external forces outside an organization that affect its operations, including economic, legal, political, technological, and social factors.

Organization Strategies

Plans or approaches developed by a business to achieve its objectives and gain a competitive edge.