The Main Difference Between the Current Assets on the Balance

question 276

Multiple Choice

The main difference between the current assets on the balance sheet of a service company and a manufacturer is that a manufacturer has

• A)inventory and a service company does not.
• B)cost of goods sold and a service company does not.
• C)accounts receivable and a service company does not.
• D)accounts payable and a service company does not.

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Definitions:

Knowledge, Skills, Abilities

The set of competencies that are required for effective performance in a job or task, encompassing theoretical understanding, practical execution, and inherent capabilities.

Tasks, Duties, Responsibilities (TDRs)

Specific elements of a job, including the work one must accomplish, the obligations one must fulfill, and the areas for which one is accountable.

Non-observable Actions

Actions taken by employees or individuals that are not directly visible or measurable by managers or supervisors, often influencing assessments of performance or trust.

Job Extension

Enlarging jobs by combining several relatively simple jobs to form a job with a wider range of tasks.