A Liability Created When a Business Collects Cash from Customers

question 6

Multiple Choice

A liability created when a business collects cash from customers in advance of providing services or delivering goods is called a(n) ________.

• A)notes receivable
• B)unearned revenue
• C)accrued liability
• D)service revenue

Understand the principles of developmental psychology and how humans evolve throughout their lifespan.

Grasp the concepts and effects of genetic disorders and variations.

Comprehend the impact of environmental factors on DNA and genetic mutations.

Recognize the role of prenatal development in human growth and the influence of teratogens.

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Definitions:

Green Product

Goods that are environmentally friendly or less harmful to the environment, often made from sustainable resources or employing eco-conscious production methods.

Environmentally Friendly

Being environmentally friendly involves practices and products that cause minimal harm to the environment, aiming to reduce pollution and conserve resources.

Federal Trade Commission

The Federal Trade Commission is a U.S. government agency with the mission to protect consumers and ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that can create a hostile work environment.