Which of the Following Is a True Statement

question 40

Multiple Choice

Which of the following is a true statement?

• A) Debits decrease both liabilities and assets.
• B) Credits decrease both assets and liabilities.
• C) Credits increase assets and decrease liabilities.
• D) Debits decrease liabilities and increase assets.

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Definitions:

Intense Competition

A market condition where there is a high level of rivalry among businesses, often leading to innovation and lower prices for consumers.

Industry Environmental Factors

External influences that affect an industry’s performance, competitiveness, and opportunities, including economic, technological, legal, and sociocultural factors.

Resource Suppliers

Entities or individuals that provide the necessary inputs, such as raw materials or services, for other businesses to operate.

Market Rivals

Companies or entities within the same industry or market that compete against one another for customers, sales, and market share.