In Which of the Following Transactions Would Utilities Expense Be

question 62

Multiple Choice

In which of the following transactions would Utilities Expense be debited:

• A)the company paid a utility bill on account
• B)the company received and paid a bill for utilities
• C)the company received a bill for utilities to be paid the following month
• D)both A and B

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Definitions:

Competitive Intelligence

The act of gathering and analyzing information about competitors' strategies, strengths, and weaknesses to improve business decision-making.

Sales Era

A historical phase in marketing focused on aggressive sales techniques to push products, without much emphasis on customer needs or satisfaction.

Production Era

A period in the history of marketing thought and practice, characterized by a focus on production capabilities and efficiencies rather than on understanding the wants and needs of consumers.

Consumerism Era

A period marked by an increase in the consumption of goods and services by individuals, often driven by increased advertising and economic growth.