Which of the Following Is a Liability Account

question 22

Multiple Choice

Which of the following is a liability account?

• A)Accounts Receivable
• B)Cash
• C)Building
• D)Notes Payable

Explore how business strategies like mergers can create value through economies of scope.

Understand the impact of learning curves on production costs.

Evaluate business decisions on expanding product lines in light of economies and diseconomies of scope.

Understand the concept of long-run marginal cost and its implications on business expansion decisions.

---

Definitions:

1990s

A decade characterized by significant technological advancements, economic globalization, the end of the Cold War, and cultural shifts in music, fashion, and entertainment.

1970s

A decade marked by significant social, political, and economic changes around the world, spanning from 1970 to 1979.

Baumol's Disease

A phenomenon in which wages in jobs that have not experienced increases in labor productivity are driven up by wages in jobs that have experienced productivity growth, leading to higher costs in non-productive sectors.

Job Training Programs

Initiatives offered by governments, organizations, or employers to equip individuals with the skills and knowledge needed for specific jobs or careers.