Which of the Following Statements Is Not True

question 16

Multiple Choice

Which of the following statements is not true?

• A)Price competition among online travel services is difficult as comparison shopping for better prices is easy.
• B)Online travel services are one of the few sectors in which extensive disintermediation has occurred.
• C)The ability of travel products and services to be commoditized is a significant factor in the explosive growth of the online travel services industry.
• D)The online travel services industry has gone through a period of consolidation.

---

Definitions:

Expense Accounts

Accounts used to record expenses in the general ledger, capturing costs associated with operating the business.

Salaries and Wages Payable

Liabilities owed to employees for work performed that have not yet been paid.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred, ensuring the financial statements are in compliance with the accrual basis of accounting.

Payroll

Refers to the total amount of wages, salaries, bonuses, and other compensation paid to employees by a company during a specific period.