A Promise Received from a Business's Customers to Pay for Goods

question 58

Multiple Choice

A promise received from a business's customers to pay for goods and services that they received from the business is called a(n) :

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

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Definitions:

Cold War

The Cold War, spanning from the conclusion of World War II until the collapse of the Soviet Union in 1991, involved a prolonged state of political and military tension between the United States along with its allies and the Soviet Union, marked by aggressive rhetoric, espionage, and acts other than direct military conflict.

Oscar Handlin

A prominent American historian and author known for his studies on immigration and the history of ethnicity in American life.

Democracy

A governance system where authority is given to the populace, who govern themselves either directly or by choosing representatives through elections.

Free Market

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