Which of the Following Is NOT an Example of Benefits

question 6

Multiple Choice

Which of the following is NOT an example of benefits received from consumption?

• A) quality
• B) convenience
• C) prestige
• D) effort

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue, such as salaries, rent, and utilities.

Assets

Resources owned or controlled by a company with expected future economic benefit.

Revenues

The total amount of money generated by a company from its normal business operations, before any costs or expenses are deducted.

Total Liabilities

The sum of all financial obligations or debts that a company owes to outside parties, listed on the balance sheet.