Examlex
Jim is the operations manager of a car manufacturing company in the United States. He wants to set up production plants in three other countries by the end of the current year. After he has set this goal, which of the following is the next step he should ideally take in order to achieve this goal?
Services
Economic activities that provide intangible benefits or satisfactions, not resulting in the ownership of a physical product.
Cash
Liquid currency and other assets that are readily convertible into money.
Account Payable
Liabilities or money owed by a business to its creditors for goods and services purchased on credit.
Credit
An accounting entry that increases liabilities or equity or decreases an asset or expense.
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