The Claims of a Business's Creditors Are Called

question 124

Multiple Choice

The claims of a business's creditors are called

• A) assets.
• B) liabilities.
• C) equity.
• D) revenue.

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Definitions:

Sales Revenues

The income received from selling goods or services over a period of time before any costs or expenses are deducted.

Points of Difference

Unique attributes or benefits of a product or brand that set it apart from competitors in the eyes of customers.

High-Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Quick Preparation

Referring to food or meals that are designed to be prepared and served in a short amount of time with minimal effort.