Which of the Following Holds True Regarding Sustainable Businesses

question 19

Multiple Choice

Which of the following holds true regarding sustainable businesses?

• A) A sustainable business operates with nature by exploiting it.
• B) A sustainable business strives for a win-lose outcome where the environment gains and the organization loses.
• C) A sustainable business creates products or services that become so widely used that they result in the exhaustion of the resources.
• D) A sustainable business can result in an environmental uncertainty.
• E) A sustainable business works by meeting the needs of customers while advancing the well-being of the natural environment.

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Definitions:

Net Method

An accounting method that records purchases or sales of goods and services after deducting any discounts, returning the net amount.

Credit Terms

The payment conditions set by a seller for the buyer, including the period allowed for payment and any cash discount for early payment.

Inventory Returns Estimated

An approximation of the value or volume of goods that will be returned from customers back to the inventory.

Sales Refund Payable

A liability account that holds funds reserved for future refunds to customers for returned goods.