Revenues Result When a Business

question 20

Multiple Choice

Revenues result when a business:

• A) creates resources by selling goods or services.
• B) borrows money.
• C) receives money from owners of the business.
• D) pays its employees.

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Definitions:

Automobile Manufacturer

A company that produces motor vehicles, including cars, trucks, and buses, for sale on a large scale.

Oil Lubricants

Substances used to reduce friction, heat, and wear between mechanical components that are in contact with each other.

Factory Overhead Cost

Represents indirect manufacturing costs not directly attributable to specific units or batches of production, such as maintenance and utilities.

Insurance Premiums

Regular payments made to an insurance company in exchange for coverage, protecting against possible financial losses or liabilities.