The Vast Majority of All Business Sales Are Accounted for by

question 218

Multiple Choice

The vast majority of all business sales are accounted for by

• A) partnerships.
• B) proprietorships.
• C) corporations.
• D) nonprofit organizations.

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Definitions:

Selling Expenses

Costs that are directly tied to the selling of goods and services, such as advertising, sales staff salaries, and commissions.

Budgeted Receipts

Estimated amounts of money expected to be received during a specified budget period.

Wholesaler

An intermediary in the distribution process that buys products in bulk and resells them to retailers or other businesses.

Industrial Goods

Products used in the production of other goods or services, not intended for direct consumption by consumers.