What type of account is Salaries Payable?

A) Asset
B) Contra-Asset
C) Liability
D) Owner's equity

Answer: C

Business

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According to the model of buyer behavior, which of the following is one of the two primary parts of a "buyer's black box"?

A) technological stimuli B) buyer's decision process C) buyer's spending habits D) social stimuli E) promotion stimuli

Business

To properly handle the orderly transfer of business ownership at death, it is necessary to have:

A) an unfunded buy-and-sell agreement B) a life insurance contract to fund the purchase and a buy-and-sell agreement C) a verbal understanding of the valuation method D) a verbal commitment of the heirs to sell the business

Business