Indicate Whether the Given Process Is Associative

question 36

Multiple Choice

Indicate whether the given process is associative. For a process to be associative, the final outcome must be the same
when the first two actions are performed first or when the last two actions are performed first.
-Turning on the TV, changing the channel, watching TV.

• A) yes
• B) no

---

Definitions:

Contingency Payment

A payment that is due only upon the occurrence of a specific event that is not certain to happen.

Credit Balance

A credit balance refers to the amount of money in a financial repository or accounting record that is available for withdrawal or use, often indicating a surplus or funds owed to the account holder.

Consolidated Retained Earnings

The cumulative amount of net income earned by a parent company and its subsidiaries, not distributed as dividends.

Common Stock

Equity securities that represent ownership in a company, granting holders voting rights and a share in the company's profits through dividends.