Which of the Following Classifications of Products Apply to Business

question 63

Multiple Choice

Which of the following classifications of products apply to business goods and services?

• A) supplies and specialty products
• B) specialty products and convenience products
• C) installation and accessory equipment
• D) shopping products and expense items

---

Definitions:

Pre-Acquisition Profits

Earnings of a subsidiary before control was taken by the parent company; these are not included in the consolidated profit and loss of the parent company.

Dividend Paid

Refers to the portion of a company's earnings that is distributed to its shareholders as a return on their investment.

Subsidiary

A company that is completely or majority-owned by another company.

Fair Value

Fair value is the estimated price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.