QuickBooks Creates a Chart of Accounts for Your Company Based

question 16

Multiple Choice

QuickBooks creates a Chart of Accounts for your company based on:

• A)Industry type
• B)Fiscal or calendar year
• C)Federal ID Tax number
• D)Company address

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Definitions:

Total Utility

The utmost satisfaction achieved from utilizing a specified amount of goods or services.

Limited Income

Describes a situation where an individual or household has a finite or restricted amount of monetary resources available for spending and saving.

Marginal Utilities

The gain in utility or enjoyment a consumer realizes from the consumption of one extra unit of a good or service.

Extra Total Utility

The additional satisfaction or benefit that a consumer derives from consuming one more unit of a good or service.