Inventories Are Goods That Can Be Considered as "Purchased" by

question 37

Multiple Choice

Inventories are goods that can be considered as "purchased" by

• A)the firms that produce them.
• B)the consumers that ultimately buy them.
• C)the government since they are tax deductible.
• D)no one since they are not counted as part of GDP.

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Definitions:

Hacker

A person who illegally accesses or enters another person’s or a company’s computer system to obtain information or to steal money.

Computer System

An integrated set of hardware and software designed to process data and produce outputs.

Ponzi Scheme

A fraudulent investing scam promising high rates of return with little risk by paying earlier investors with the funds from more recent investors.

Bait And Switch

A deceptive marketing practice where customers are lured with the promise of a product or service at a certain price, only to find it unavailable and replaced with a more expensive option.