Purchasing Products for Resale or Acting as an Agent for Supply

question 261

Multiple Choice

Purchasing products for resale or acting as an agent for supply of a product would be an example of a(n) ________ function.

• A)logistical
• B)facilitating
• C)risk-taking
• D)transactional
• E)assorting

---

Definitions:

Goods Delivery

The process of transporting goods from a seller to the purchasing customer or client.

Services Provided

The performance of work, assistance, or activities for the benefit of another individual or organization.

Expense Accounts

These accounts record the consumption of assets or services that occur during the operation of a business, leading to a decrease in owner's equity.

Revenue Accounts

Accounts in the general ledger that track the income generated by a company from its normal business operations.