Case 29-1 MacKenzie Is Excited About Buying a New Car

question 5

Multiple Choice

Case 29-1 MacKenzie is excited about buying a new car. She is researching and comparing options and features of new cars using the Internet but she is not familiar with a lot of the new technologies and terminology. MacKenzie wants to be able to start her car with the press of a button. What kind of system can accomplish this?

• A) Global positioning system (GPS)
• B) Keyless entry system
• C) Biometric device
• D) Point-of-sale system

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Definitions:

Service Revenue

Income earned by a company through the provision of services to customers.

Owner's Capital

The amount of equity a business owner has invested in the firm or the net worth attributable to them, reflecting their financial stake.

Owner's Drawings

Owner's drawings refer to the withdrawal of cash or other assets from a business by the owner(s) for personal use, affecting the owner's equity account.

Chronological Order

The arrangement of events, dates, or actions in the order that they occurred or will occur, from earliest to latest.