Which of the Following Statements Describes an Environmental Force

question 183

Multiple Choice

Which of the following statements describes an environmental force?

• A)Several states have legislation that requires people transporting children to use age- and height-appropriate car seats.
• B)Tupperware has more than 200,000 independent dealers who market its entire product line.
• C)A car battery comes with a lifetime guarantee.
• D)An automobile dealer offers a $500 rebate during the month of July.
• E)A major bottler offers a 10-cent refund on returnable bottles.

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Definitions:

Sole Proprietorship

A business structure where a single individual owns, manages, and is personally responsible for all aspects of the business.

Corporation

A legal entity that is separate from its owners, offering limited liability protection to its shareholders, and having the ability to raise funds by selling stock.

Balance Sheet Accounts

Accounts found on the balance sheet that include assets, liabilities, and equity, detailing the financial position of a company at a specific point in time.

Permanent Accounts

Accounts that are not closed at the end of the accounting period, such as assets, liabilities, and equity accounts.