Business products are classified into two categories. What are they?
A) special use and general use
B) capital and expense
C) installation and accessory
D) revenue and expense

Question

Quizplus · Accepted Answer

Business products are classified into either capital or expense. Capital products are used to produce goods, are long-term investments, and have a lifespan of more than one year. Expense products are products used to keep the business running, such as supplies or utilities, and have a lifespan of less than one year.

Business Products Are Classified into Two Categories