Which of the Following Activities Is Most Likely to Take

question 34

Multiple Choice

Which of the following activities is most likely to take place in a business market?

• A) Sale of a personal toolkit for home repairs
• B) Renting an apartment to a college student
• C) Hiring a babysitter for the evening
• D) Sale of buttons and zippers to a jeans manufacturing company
• E) A financial transaction at a law firm between a lawyer and his client

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Definitions:

Budgeted Disbursements

Planned financial outflows or payments calculated in advance as part of a budgeting process, often categorized and scheduled over a specific period.

Desired Balance

The target or goal for the balance of an account or budget at a specific point in time.

Budgeted Receipts

Expected cash or revenue amounts a business plans to receive over a certain period according to its budget.

Merchandise Inventory

Merchandise inventory includes goods held by a company that are ready for sale to customers.