Vending Machines Are No Longer Limited by the Need for Cash.In

question 314

Multiple Choice

Vending machines are no longer limited by the need for cash.In Japan,Korea,and the Philippines,consumers use mobile phones that transmit payments to vending machines via an infrared beam or a radio wave.This is an example of how vending machines can provide which type of utility?

• A) time
• B) place
• C) possession
• D) product
• E) form

---

Definitions:

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting liabilities, representing the ownership interest of shareholders.

Preferred Dividends

Dividends that are paid to preferred shareholders before any dividends are paid to common shareholders.

GAAP

GAAP, or Generally Accepted Accounting Principles, are a set of accounting standards and procedures used in the United States to govern financial reporting and ensure consistency across industries.