Which of the Following Is a Business Event That Is

question 63

Multiple Choice

Which of the following is a business event that is considered a recordable transaction?

• A)A company hires a new employee.
• B)A customer purchases merchandise.
• C)A company orders a product from a supplier.
• D)An employee sends a purchase requisition to the purchasing department.

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Definitions:

Extra Utility

The additional satisfaction gained from consuming one more unit of a good or service.

Production Possibilities Curve

A graph that depicts the maximum feasible amounts of two commodities that a business can produce when those commodities compete for limited resources.

Technological Advance

The process of developing new technologies or improving existing ones to increase productivity or solve problems.

Soil Fertility

The ability of soil to provide essential nutrients to plants in adequate amounts for growth.