Which of the Following Elements Assumes the Highest Level of Power

question 77

Multiple Choice

Which of the following elements assumes the highest level of power in the value chain?

• A) suppliers
• B) employees
• C) vendors
• D) customers
• E) managers

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Definitions:

Credit

An entry on the right side of an accounting ledger representing an increase in liabilities or income, or a decrease in assets or expenses.

Contra Accounts

Accounts used to offset or reduce the balance of another account, usually appearing on the balance sheet.

Merchandiser

A business or person that purchases goods for resale at a profit.

Debit Balances

Accounts on the left side of the double-entry bookkeeping system that typically include assets and expenses, increased by debits.