Weather Would Be a Significant Factor in Determining a Business

question 93

Multiple Choice

Weather would be a significant factor in determining a business location and demand for all but which of these products?

• A) Air conditioners
• B) Outdoor swimming pools
• C) consumer yard irrigation systems
• D) mattresses

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Definitions:

Net Income

The conclusive earnings of a firm after removing all financial outlays and tax obligations from its aggregate revenue.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, incorporating the income on the investor's income statement.

Amortization

The approach of progressively depreciating the initial investment in an intangible asset over its effective life.

Inventory

The total quantity of goods and materials a business holds for the purpose of resale or production.