"This Internet Package Will Provide You with the Ability to Download

question 85

Multiple Choice

"This Internet package will provide you with the ability to download files very fast." What term describes this statement best?

• A)market identifier
• B)segmentation basis
• C)performance characteristics
• D)product variable
• E)benefit

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Definitions:

Accrued Vacation Benefits

The amount of vacation time earned by employees but not yet taken or paid out, often recorded as a liability on the employer's balance sheet.

Adjusting Entry

An accounting entry made in the general ledger to update the book values of assets, liabilities, revenues, and expenses at the end of an accounting period.

Estimated Liabilities

Obligations that a company expects to settle in the future, the amount and/or timing of which are uncertain.

Unearned Revenues

Money received by a company for goods or services yet to be provided, recognized as a liability until the service or good is delivered.