What Type of QBO Feature Can You Use to Collect

question 14

Multiple Choice

What type of QBO feature can you use to collect a customer payment on the fly (for example, you're away from your desk, or you're in a mobile situation) ?

• A)Use QBO apps.
• B)Run the A/R Aging Report.
• C)Export the Vendor Balance Summary to Excel.
• D)There is no way to collect customer payment on the fly.
• E)None.

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Definitions:

Long-Run Profits

Long-run profits are the earnings a firm expects to achieve over a period during which all inputs, including capital, can be fully adjusted.

Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to changes in price.

Pure Competition

A market structure characterized by a large number of buyers and sellers, uniform products, and free entry and exit, leading to price taking behaviour.

Excess Capacity

A situation where a firm is producing at a level less than its potential maximum output, indicating underutilization of resources.