Which of the Following Businesses Would Be LEAST Likely to Use

question 41

Multiple Choice

Which of the following businesses would be LEAST likely to use an intermittent process?

• A) print shop
• B) oil refinery
• C) tax service
• D) bakery

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Definitions:

Goodwill

An intangible asset representing the future economic benefits arising from assets that are not capable of being individually identified and separately recognized.

Acquisition

The process of acquiring control over another corporation through purchase or stock exchange.

Cash

A medium of exchange in the form of currency, used to conduct transactions and settle debts.

Consolidation

The process of combining the financial statements of separate companies into a single, aggregated financial statement.