The Liability Created by a Business When It Purchases Coffee

question 109

Multiple Choice

The liability created by a business when it purchases coffee beans and coffee cups on credit from suppliers is termed a(n)

• A)account payable.
• B)account receivable.
• C)revenue.
• D)expense.

---

Definitions:

Behavioral Model

A framework used in psychological studies that emphasizes the importance of observing and analyzing observable behaviors and their responses to environmental stimuli.

Praise

The act of expressing approval or admiration; positively reinforces desired behaviors or achievements.

Rewards

Incentives or positive reinforcements provided to encourage certain behaviors or outcomes.

Childhood Asthma

A respiratory condition marked by spasms in the bronchi of the lungs, causing difficulty in breathing, commonly starting in childhood.