Which of the Following Is Not Correct with Regard to Goods

question 31

Multiple Choice

Which of the following is not correct with regard to goods and services?

• A) Goods and services do not include services provided by the organization's employees as these are not external goods or services.
• B) Goods and services are purchased to meet an organization's needs.
• C) In recent years, considerable debate has brewed over how much competition organizations should foster among their vendors.
• D) While organizations commonly use only one accounting firm, they have traditionally dealt with larger numbers of raw materials and merchandise vendors.

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Definitions:

Energy

The capacity to do work, existing in various forms such as kinetic, potential, thermal, electrical, chemical, and nuclear.

Cyclic Electron Pathway

is a photosynthetic process in light reactions where electrons are recycled allowing ATP production without the buildup of NADPH or oxygen release.

Photosystem I

A component of the photosynthesis process in plants and cyanobacteria that captures light energy for ATP and NADPH production.

Noncyclic Electron Pathway

A process in photosynthesis where electrons flow in a linear manner from water to NADP+ producing NADPH, oxygen, and ATP.