Which of the Following Is the Best Example of a Convenience

question 158

Multiple Choice

Which of the following is the best example of a convenience product?

• A) an alarm clock purchased by an individual who wants to always be punctual
• B) a cup of coffee purchased on the way to work
• C) a $39.95 rose bush for the front yard of a new home
• D) sheets that match the new guest room wallpaper
• E) a new mattress

---

Definitions:

Restricted Fund

Funds that are earmarked for a particular purpose or project by donors or grantors and cannot be freely used for any other expenditures.

Investment Income

Income earned from investments, including dividends, interest, and capital gains from securities, real estate, or other assets.

Deferral Method

An accounting practice where certain revenues or expenses are deferred to a future accounting period to better match revenues with expenses.

Deferred Contribution

Refers to contributions or payments that are postponed to a future date rather than being made immediately.