Consumer Interest Groups

question 55

Multiple Choice

Consumer interest groups

• A) represent people with advanced education and special training.
• B) are organized to protect the rights of the buying public
• C) are organized to work on behalf of agricultural interests.
• D) represent a particular industry to develop common standards and goals.
• E) represent people who share the same race, gender, or other characteristic.

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Definitions:

Normal Balance

The standard side (debit or credit) on which increases to an account are recorded.

Financial Statement

Reports that summarize the financial condition and operations of a business.

Permanent/Temporary

Conceptual labels for different types of accounts in accounting, with permanent accounts being those that carry their balances into the next accounting period and temporary accounts being closed at the end of each period.