Each Account Is Assigned a Number

question 19

Multiple Choice

Each account is assigned a number. This systematic listing of all accounts is called a

• A) Trial Balance
• B) General Journal
• C) General Ledger
• D) Chart of Accounts

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Definitions:

Product Life Cycle

The progression of a product through stages of introduction, growth, maturity, and decline in the market.

Commoditization

The process by which unique products become indistinguishable from one another in the eyes of the market, often leading to competition based primarily on price.

Product Accessories

Supplementary items sold alongside the main product to enhance its functionality or appeal.