Which of the Following Is a Business Event That Is

question 130

Multiple Choice

Which of the following is a business event that is not considered a recordable transaction?

• A)A company receives a product previously ordered.
• B)A company pays an employee for work performed.
• C)A customer inquires about the availability of a service.
• D)A customer purchases a service.

---

Definitions:

Utility Function

An economic model or formula that represents a consumer's preferences by assigning a utility value to each possible choice or bundle of goods.

Probability

A measure of the likelihood of a specific event or outcome occurring.

Wins

Achievements or successes in a competition or challenge.

Income-Utility Curves

Graphical representations showing how changes in income affect an individual's level of satisfaction or utility, holding other factors constant.