Which of the Following Terms Would Not Apply to an Industry

question 70

Multiple Choice

Which of the following terms would not apply to an industry that produces goods or services that are locally consumed ?

• A) Service industry
• B) Accessory industry
• C) Secondary industry
• D) Filler industry

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Definitions:

Fiscal Period

A specific time period for which a business conducts financial accounting and reporting, often a year, split into quarters or months.

Accrued Expense

Expenses that have been incurred but not yet paid, recognized in the period they occur rather than when payment is made.

Computer Technician

A professional responsible for the maintenance, repair, and proper functioning of computer hardware and software.

Invoice

A document issued by a seller to a buyer, indicating the products or services provided and the amount due.