Which classification of business goods is long-lived and relatively expensive?
A) Convenience items
B) Capital items
C) Supplies
D) Expense items

Question

Quizplus · Accepted Answer

Capital items are long-lived and relatively expensive compared to other types of business goods. They are typically used in the production process or to support the operation of a business, such as machinery, tools, and buildings. Convenience items are usually low-cost, frequently purchased items. Supplies and expense items are consumable goods that are used up quickly and replaced frequently.

Which Classification of Business Goods Is Long-Lived and Relatively Expensive