Answer:
Transaction
Explanation:
Marketing exchange process refers to a process wherein two or more individuals buy or sell a good. Exchange refers to the consideration which is paid in return for the product i.e money.
For any exchange to take place it is essential that the good is transacted.
Customer would be the one who requires the product or the ones who create a want.
A Provider is the one who satisfies a want or say the one who makes the product available.
Product is the bundle of utilities or attributes which satisfies a want.
Transaction is effected when the buyer gets the product and the seller gets paid for the product.
Answer:
This is an escrow transaction. An escrow is an arrangement where a third party (ABC Escrow) holds funds for a given transaction between other two parties.
The Van Horns are the grantees in this transaction.
The escrow is responsible for the safe keeping of the funds, in order to avoid any type of loss or fraud.
Answer:
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Explanation:
Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) <u>accounting process</u>.
The accounting process is the set of steps that allows the economic operations of an entity or company to be expressed through financial statements.
This process is essential for any company since they will be able to see their expenses and income, and thus make projections and help it to minimize entry errors of the company.
- During the accounting process, the economic operations of the company are compiled (purchases of materials, sales of products), together with the documents that guarantee each operation.
- Finally, before the accounting process is closed, adjustments or modifications can be made that allow a reliable balance.
Therefore, we can conclude that Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) accounting process.
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Answer:
B. A local cable company.
Explanation:
Since, Damon often identifies causes of problems with telecommunication equipment. The company that is most likely to be his employer is a local cable company.