A Business Pays $800 Cash for Office Supplies

question 114

Multiple Choice

A business pays $800 cash for office supplies.Which of the following accounts is credited?

• A) Cash
• B) Accounts Payable
• C) Office Supplies
• D) Office Supplies Expense

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Definitions:

Hierarchy Of Effects Model

A marketing model that outlines the sequential steps consumers typically go through, from awareness of a product to purchase decision.

Product Awareness

The extent to which potential customers recognize or are familiar with a product or brand.

Attitude

A person's feelings, beliefs, and behaviors toward a particular object, person, thing, or event, often guiding their choices and actions.

Lasting Evaluation

Refers to the ongoing process of assessing the long-term effects and outcomes of a product, service, or policy.