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 best describes a plan that details how a company creates, delivers, and generates revenues?

Marketing mix

Balance sheet

Business model

Organizational chart

Previous problemNext problem

Verified step by step guidance

Understand the question: The problem is asking for the term that describes how a company creates, delivers, and generates revenues. This is a conceptual question related to business strategy and financial accounting.

Review the options provided: The options are Marketing mix, Balance sheet, Business model, and Organizational chart. Each term has a specific meaning in business and accounting.

Define each term: Marketing mix refers to the combination of factors a company uses to promote and sell its products or services. Balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. Business model describes the plan or framework a company uses to create, deliver, and capture value, including generating revenues. Organizational chart is a diagram that shows the structure of an organization and the relationships between its parts.

Match the definition to the question: The question specifically asks for the term that describes how a company creates, delivers, and generates revenues. Based on the definitions, the term 'Business model' aligns with this description.

Conclude the reasoning: The correct answer is 'Business model' because it encapsulates the framework for creating, delivering, and capturing value, which includes generating revenues.