Which of the Following Does not Correctly Describe Business Transactions

question 75

Multiple Choice

Which of the following does not correctly describe business transactions or events?

• A)They include exchanges of assets or services by one business for assets,services,or promises to pay from another business.
• B)They include the using up of insurance paid for in advance.
• C)They have an economic impact on a business entity.
• D)They do not include measurable internal events such as the use of assets in operations.

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Definitions:

Multicultural

Relating to, or representing several different cultures or cultural elements.

Utilitarianism

A moral philosophy that advocates for actions that maximize happiness and well-being for the majority.

Rawls

A philosopher best known for his theory of justice as fairness, which emphasizes principles of equality and liberty in organizing society.

Kant

Refers to Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and metaphysics, emphasizing duty, moral law, and the categorical imperative.