In the Context of Business Products,which of the Following Is

question 69

Multiple Choice

In the context of business products,which of the following is a difference between major equipment and accessory equipment?

• A)​Major equipment is often standardized, whereas accessory equipment is often custom designed for each customer.
• B)Major equipment is depreciated over time, whereas accessory equipment is charged as an expense in the year it is purchased.
• C)Major equipment has a short life, whereas accessory equipment has a long life.
• D)​Major equipment is marketed more through advertising, whereas accessory equipment is marketed and distributed via personal selling.

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Definitions:

Banking System

denotes the network of institutions that provide financial services, including deposits, loans, and currency exchanges.

Collection Float

The time difference between when a check is deposited into a bank account and when the funds are made available.

Availability Delay

The lag time between when a deposit is made into an account and when the funds become available for use.

Collection Float

The time difference between when a check is deposited into a bank account and when the amount is credited to the account, affecting the cash flow.