Which of the Following Questions Denotes the Last Step in a Consumption

question 1

Multiple Choice

Which of the following questions denotes the last step in a consumption chain?

• A)How do consumers find your offering?
• B)How is your product stored/moved around?
• C)How is your product repaired, serviced, or disposed of?
• D)How is your product/service delivered?

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Definitions:

Union Dues

Fees paid by workers to a union for membership and representation.

State Sales Tax

A tax imposed by a state on sales of goods and services, collected by the seller and passed on to the state government.

Sales Taxes Payable

A liability account that represents the amount of sales tax collected from customers by a business, which is owed to the government.

Adjusting Entry

A journal entry made in the accounting records at the end of an accounting period to allocate income and expenses to the correct periods.