In an Organization, Something That Keeps the Firm from Achieving

question 95

Multiple Choice

In an organization, something that keeps the firm from achieving its goals is referred to as a?

• A) Barrier
• B) Wall
• C) Blockade
• D) Constraint

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Definitions:

Unearned Revenue

Money received by a company for products or services yet to be delivered or performed, recorded as a liability on the balance sheet until earned.

Retained Earnings

The segment of net income that is not issued as dividends, reserved by the company for reinvestment in its essential business or for settling debts.

Asset Account

Accounts used in accounting to track the resources owned by a company that have future economic value.

Accounts Receivable

Amounts due from customers to a firm for goods or services supplied but still unpaid.