A _____ Is Any Activity That Provides Goods or Services

question 38

Multiple Choice

A _____ is any activity that provides goods or services to consumers for the purpose of making a profit.

• A)value exchange
• B)business
• C)service
• D)transaction

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Definitions:

Cash Receipts

The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.

Credit Sales

Transactions where goods or services are provided to a customer with the agreement that payment will be made at a future date.

Selling and Administrative

Expenses associated with the company's efforts to sell its products and manage the overall organization, excluding production costs.

Variable Cost

A cost that changes in proportion to the level of output or activity in a company.