Which of the Following Is a Business Transaction

question 49

Multiple Choice

Which of the following is a business transaction?

• A) purchase supplies on account
• B) plan advertising for upcoming sale
• C) give employees a raise beginning next month
• D) submit estimate for construction project

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Definitions:

Organization's Investments

Relates to the allocation of resources by an organization into projects, assets, or initiatives with the expectation of achieving future benefits or returns.

Board Responsibility

The obligation of a board of directors to oversee the strategic direction and governance of an organization, ensuring it fulfills its mission while being accountable to its stakeholders.

Obedience

The act of following the commands or guidance of an authority figure or institution.

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for making major corporate decisions, managing the overall operations, and being the main point of communication between the board of directors and corporate operations.