Barriers to Entry Include All of the Following Except

question 159

Multiple Choice

Barriers to entry include all of the following except

• A)exclusive ownership of a scarce resource.
• B)patents.
• C)public franchises.
• D)diseconomies of scale.
• E)government licenses.

Understand how to manage sales tax within QuickBooks.

Learn the sequence of business activities as they relate to purchasing and inventory management in QuickBooks.

Understand the sequence of business activities in QuickBooks and identify subsequent actions.

Recognize the entities considered as vendors in QuickBooks and differentiate them from other types of QuickBooks entities.

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Definitions:

Receivables

Receivables are amounts owed to a business by its customers for goods or services delivered on credit, considered a current asset on the balance sheet.

Day-to-Day Operations

The routine activities that are necessary for a business or organization to function efficiently on a daily basis.

Warehouse Financing

A form of inventory financing where loans are made to manufacturers and processors on goods stored in a warehouse as collateral.