Which of the Following Is NOT a Business Transaction

question 152

Multiple Choice

Which of the following is NOT a business transaction?

• A)A company buys goods on account.
• B)A company sells land for cash.
• C)A company fired 10 percent of the employees due to lackluster sales.
• D)A company borrows money from the bank.

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Definitions:

Herfindahl-Hirschman Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.

Monopoly

A market structure characterized by a single seller or producer offering a unique product or service with no close substitutes.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition and potentially higher prices.

Interdependent Firms

Companies whose strategies, actions or performances are mutually influenced or dependent on each other.