Case-Based Critical Thinking Questions Case 9-1 Jill Has a Company

question 21

Multiple Choice

Case-Based Critical Thinking Questions Case 9-1 Jill has a company called Wrap It Up, which sells gift wrap. Since her business has expanded, she now needs to become more organized and create an electronic order form that can be e-mailed and faxed to her customers. Jill is ready to get started adding content controls to her table but she does not see the _______ tab on the ribbon.

• A) LEGACY TOOLS
• B) CONTENT CONTROL
• C) DEVELOPER
• D) QUICK PARTS

---

Definitions:

Accounts Payable

Liabilities or amounts owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Accrued Liabilities

Expenses that have been incurred but not yet paid or recorded through a standard accounting transaction, representing future cash outflows.

Decrease Cash

Decrease cash refers to a reduction in the amount of money and cash equivalents available in a company, which can result from paying expenses, purchasing assets, or distributing dividends.

Inventory Method

An accounting approach used to value and manage the inventory a business holds, affecting cost of goods sold and ending inventory.