The Situation That Occurs When the Addition of Resources Creates

question 97

Multiple Choice

The situation that occurs when the addition of resources creates inefficiencies is known as ________.

• A)diseconomies of scale
• B)marginal utility
• C)marginal returns
• D)break-even

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Definitions:

Unearned Revenue

Money received by an entity for a service or product yet to be delivered or performed.

Accrued Expense

Expenses that have been incurred but not yet paid or recorded in the financial statements.

Accrued Revenue

Income that has been earned through sales or services but has not yet been received or recorded.

Tenant

An individual or entity that occupies property or land rented from a landlord under a lease agreement.