Which of the Following Organizations Are Most Directly in Competition

question 14

Multiple Choice

Which of the following organizations are most directly in competition with each other?

• A) Kmart and Gap
• B) a local flower shop and a grocery store that sells flowers
• C) FedEx and UPS
• D) an independent bookstore and a library
• E) HBO and UPN television network

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Definitions:

Credit

An accounting entry that increases a liability or equity account or decreases an asset or expense account.

Balance Sheet Accounts

Accounts that reflect the assets, liabilities, and shareholders' equity of a company at a particular point in time.

Real Accounts

Accounts related to assets, liabilities, and equity that are not closed at the end of the accounting period, as opposed to nominal accounts.

Accumulated

The total amount collected or gathered over a period, often referring to earnings, benefits, or other financial measures.