The Debt Created by a Business When It Makes a Purchase

question 107

Multiple Choice

The debt created by a business when it makes a purchase of inventory on account is a(n) :

• A)revenue.
• B)account receivable.
• C)note payable.
• D)account payable.

Grasp the strategic use of hardware in achieving business and technical objectives.

Understand the evolution and innovation trends in the computer industry, including the impact on hardware selection and strategic planning.

Acknowledge the influence of storage media on data management and decision-making processes.

Understand the basics of computer hardware and classifications.

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Definitions:

Managers

Individuals responsible for planning, directing, and overseeing the operations and employees within an organization to achieve its objectives.

Return on Investment

A metric that indicates the profit or loss incurred from an investment in comparison to the total funds invested.

Stakeholders

Individuals or groups that have an interest or stake in the performance and actions of a company, including employees, customers, suppliers, and investors.

Return On Investment

A measure of the profitability of an investment, calculating the ratio of net profit to the initial cost of investment.