Introduction to Business DSST well answered graded A+ 2023

Introduction to Business DSSTabsolute advantage - correct answer A monopoly on producing a product at a lesser price. absolute liability - correct answer Responsibility of a producer of any harm that is caused by s product (regardless if it was foreseeable). accountability - correct answer Accepting consequences of actions. accounting - correct answer The occupation of maintaining and auditing records and preparing financial reports for a business and the interpretation thereof. accounting system - correct answer Computer program for accounting. accounts payable - correct answer Bills due as part of a normal course of a business. accounts receivable - correct answer Debts owed to a business. accrual-based accounting - correct answer Business accounting, assuming accounts payable. accumulated depreciation - correct answer Reduces the accounting value of assets. acquisition costs - correct answer Incremental costs involved in a new customer. activity based costing - correct answer An accounting framework based on determining the cost of activities and allocating these costs to products using activity rates. actuaries - correct answer Mathematicians predicting future losses based on history.