A Retail Chain Hires a Company to Design and Install

question 247

Multiple Choice

A retail chain hires a company to design and install a computer network that would allow each store in the chain to check the inventory of others in the chain for customer-requested items. The retail chain purchased which kind of business products?

• A) accessory equipment
• B) industrial services
• C) supply materials
• D) component parts
• E) installations

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Definitions:

Disposal

The action of getting rid of an asset through sale, trade, abandonment, or another method.

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to the net income or loss.

Liability

A financial obligation or amount owed by a business to external parties or individuals.