In Factor, or Input, Markets

question 16

Multiple Choice

In factor, or input, markets

• A) consumers purchase products.
• B) firms supply goods.
• C) firms demand resources.
• D) households demand goods.

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Definitions:

Cash Paid

The total amount of cash disbursed by a company during a given period for various purposes, including operating expenses, asset purchases, or debt repayment.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Cash Dividends

Payments made by a corporation to its shareholder members. It is the share of profits and retained earnings that the company pays out to its shareholders.

Cost of Goods Sold

Outlays that directly contribute to the manufacture of goods sold by a company, comprising labor and materials.