What Do the Formats of Stores Such as Those That

question 78

Multiple Choice

What do the formats of stores such as those that recycle usable merchandise in good condition,liquidators,and rental operations have in common?

• A) They offer convenient locations
• B) They offer the consumer value in an untraditional manner
• C) They offer the customer one-stop shopping
• D) They carry an ever-changing assortment of higher-quality merchandise
• E) The growth for these formats appears to be limited

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Definitions:

Long-term Liabilities

Financial obligations of a business that are due for repayment more than one year in the future, such as bonds or long-term loans.

Current Liabilities

Financial obligations that a company is expected to pay within one year.

Accounts Payable

Money owed by a business to its suppliers shown as a liability on the company’s balance sheet.

Salaries and Wages Payable

Salaries and Wages Payable are liabilities on the balance sheet representing amounts owed to employees for work performed but not yet paid.