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:

Undeveloped Countries

Countries with poor economies; problematically implies a lack of economic talent or exposure.

Dependency Theory

A theoretical perspective that criticizes the global economic system as perpetuating inequality between developing and developed nations.

World Systems

A socio-economic model that emphasizes the world-economy as a complex system structured by political and economic relations that extend across global territories and peoples.

Modernization Theory

A theory suggesting that traditional societies will develop economically as they adopt more modern practices and technologies.