Which of the Following Is Usually NOT True About Business

question 167

Multiple Choice

Which of the following is usually NOT true about business products?

• A)The demand curve for a particular industry is usually inelastic.
• B)Demand for consumer products is derived from business products.
• C)The demand curve for individual sellers may be extremely elastic.
• D)Each business product may be only a small part of the cost of a final product.

---

Definitions:

Trial Balance

A financial worksheet that consolidates all ledger balances into equal debit and credit column totals.

Prepaid Items

This term describes expenses paid in advance for goods or services to be received in the future, such as insurance or rent.

Accrued Interest

The interest that has been earned but not yet paid, accumulating on loans or bonds over a period of time.

Prepaid Insurance

A type of prepaid item representing insurance coverage paid for upfront before the coverage period begins.