The Growth of Biotechnology Has Resulted in an Increased Need

question 5

Multiple Choice

The growth of biotechnology has resulted in an increased need for research and development facilities,most of which are to be located in ________________.

• A) the European Union
• B) Israel
• C) the United States
• D) China and India

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Definitions:

Accounts Payable

Short-term liabilities representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the entries.

Journal Entry

A record in accounting that represents a transaction, documenting the debit and credits affected by it.

Debit

A bookkeeping record that elevates the value of an asset or expense account, or reduces the value of a liability or equity account.