An owner of a business withdraws cash from his business. Which of the following accounts would need to be reduced to record this transaction?
a. accounts receivable
b. owner's equity
c. expenses
d. accounts payable
b
Business
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In marketing research, ________ scales are used to measure relative attitudes, opinions, perceptions, and preferences. In the opening example for Chapter 8, this was shown by the rank order of the most admired companies
A) nominal B) ordinal C) interval D) ratio
Business
When the price elasticity of demand is unitary and prices go up, total _____
a. revenues stay the same b. revenues increase c. revenues decline d. profits increase
Business