Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following is NOT a characteristic of a business model?

Outlines the target customer segments and revenue streams

Specifies the legal structure of the business

Identifies key resources and partnerships required for operations

Describes how a company creates, delivers, and captures value

Previous problemNext problem

Verified step by step guidance

Understand the concept of a business model: A business model is a framework that outlines how a company creates, delivers, and captures value. It typically includes elements such as target customer segments, revenue streams, key resources, and partnerships.

Review the options provided in the question: Each option describes a characteristic that may or may not align with the definition of a business model.

Analyze the first option: 'Outlines the target customer segments and revenue streams.' This is a characteristic of a business model because it defines who the company serves and how it generates income.

Analyze the second option: 'Specifies the legal structure of the business.' This is NOT a characteristic of a business model. Legal structure pertains to the organizational form (e.g., sole proprietorship, corporation) and is separate from the business model framework.

Analyze the remaining options: 'Identifies key resources and partnerships required for operations' and 'Describes how a company creates, delivers, and captures value.' Both are integral parts of a business model, as they focus on operational and value creation aspects.