One Tool Available When Trying to Even Out the Variations

question 172

Multiple Choice

One tool available when trying to even out the variations in demand for services is

• A)off-peak pricing.
• B)product lay-away.
• C)credit incentives.
• D)container sales.
• E)product rationing.

Recognize the evidence supporting the theory of continental drift and seafloor spreading.

Explain the processes involved in mid-ocean ridge formation and continental rifting.

Discuss the geological phenomena associated with divergent plate boundaries.

Describe the creation and destruction of oceanic crust in the context of plate tectonics.

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Definitions:

Unearned Rent

Income received by a landlord for rent that has not yet been earned because the period of occupancy has not yet occurred.

Liability

A financial obligation or debt that an individual or company owes to another party.

Asset

An economic resource owned or controlled by an entity that is expected to provide future economic benefits.

Income Summary

An account in the ledger that aggregates all the revenues and expenses for the period, used to transfer net income or loss to owner's equity.