Tangible Factors

question 29

Multiple Choice

Tangible factors

• A) include the price or terms of agreement.
• B) are psychological motivations that influence the negotiations.
• C) include the need to look good in negotiations.
• D) cannot be measured in quantifiable terms.
• E) None of the above statements describe tangible factors.

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.

Inventory Supplies

Items or materials kept on hand by a business for the production process or for sale.

Unearned Revenue

Money received by a business for goods or services yet to be provided, recorded as a liability until earned.

Liability Account

An accounting record that shows the current and future financial obligations a company owes to others.