_____ Involves Activities or Materials Used to Create Sales for Goods

question 80

Multiple Choice

_____ involves activities or materials used to create sales for goods and services,such as coupons and sales contests.

• A) Direct selling
• B) Public relations
• C) Customer service
• D) Sales promotion
• E) Advertising

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Definitions:

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time.

Disposal

Refers to the process of discarding, selling, or removing an asset from the company's records.

Property, Plant and Equipment

Long-term tangible assets held for business use and not expected to be converted into cash in the upcoming fiscal year.

Land Held

Real estate owned by a person or entity, typically recorded as an asset on the balance sheet.