Pritchard's Fine Rum Is the Only Rum That Is Actually

question 45

Multiple Choice

 Pritchard's fine rum is the only rum that is actually distilled in the southeastern part of the United States.Cruzan and Myers,both made in the Caribbean,are its main competitors.Pritchard's fine rum has a more bourbon-like flavor than other brands of rum,which tend to taste more like cognac.In terms of the classification of consumer goods,the distiller of Pritchard's fine rum would want its rum to be categorized as a(n) _____. 

• A) specialty good
• B) organizational good
• C) shopping good
• D) convenience good

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Definitions:

Running Balance

A continuously updated balance that reflects all transactions, often seen in bank statements and accounting ledgers.

Journal

A chronological record of all financial transactions, providing the initial point of entry for all accounting data into the accounting system.

Metric Unit

A system of measurement based on meters, liters, and grams, used internationally for scientific and commercial purposes.

Decimal Point

A dot or small mark used to separate the integer part from the fractional part of a decimal number.