Which of the Following Assets Does a Retailer-But NOT a Service

question 25

Multiple Choice

Which of the following assets does a retailer-but NOT a service business-need?

• A)Inventory
• B)Equipment
• C)Prepaid insurance
• D)Accounts receivable

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Definitions:

Federal Government

A system of government in which power is divided between a central authority and constituent political units, such as states or provinces.

Central Planning

An economic system where key decisions regarding production, investment, and distribution are made by the government or a central authority, rather than left to market forces.

Consumer Goods

Products and services that satisfy human wants directly.

Dollar Votes

A term suggesting that consumers participate in the market and influence production and consumption patterns through their spending choices.