Match the Terms Below with the Correct Definitions

question 31

Multiple Choice

Match the terms below with the correct definitions.
-One to whom money is owed

• A)Creditor
• B)Fundamental accounting equation
• C)Expenses
• D)Accounts
• E)Owner's equity
• F)Accounts receivable
• G)Asset
• H)Cash
• I)Business entity

Identify strategies for minimizing negativity in business communication.

Develop skills in crafting effective apologies within adjustment messages.

Learn how to initiate requests politely and directly in business communication.

Understand the perceived difficulty of writing goodwill messages compared to other business communications.

---

Definitions:

Marginal Cost

The cost of producing one additional unit of a product.

Industry Price

The average or standard price of goods or services within a specific industry, influenced by factors like demand, supply, and competition.

Returns to Scale

The rate at which output increases as inputs are increased proportionately.

Industry Supply Curve

A graphical representation that shows the relationship between the price of a good and the total output of that good by all firms in the industry.