Between 1945 and 1957,the Growth of American Consumerism Was Aided

question 83

Multiple Choice

Between 1945 and 1957,the growth of American consumerism was aided by

• A) an 800-percent increase in consumer credit.
• B) the development of credit cards.
• C) low-payment credit plans.
• D) revolving charge accounts.
• E) All these answers are correct.

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Definitions:

Work In Process

Goods and materials that are partially completed in the manufacturing process, representing an inventory category on the balance sheet.

Inventory

Raw materials, work-in-progress, and finished goods that are considered part of a business's assets that are ready or will be ready for sale.

Non-Value-Added Costs

Expenses that do not contribute to the value or appeal of a product or service from the perspective of the customer.

Schedule Of Activity

A detailed plan that outlines all the tasks, timings, and responsibilities involved in a project or process to ensure successful completion and management.