The Money a Consumer Has Left After Paying Taxes to Use

question 257

Multiple Choice

The money a consumer has left after paying taxes to use for necessities such as food, shelter, clothing, and transportation is referred to as

• A) net income.
• B) disposable income.
• C) discretionary income.
• D) household income.
• E) gross income.

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Definitions:

Repetitive Manufacturing

A production method where the same products or components are produced in a continuous flow or on a repetitive basis.

Intermittent Process

Refers to a production system where the flow of materials is irregular, handling a variety of products or services.

First Come

A principle where services or resources are allocated to recipients in the order of their arrival or request.

First Served

First served, traditionally known as "first come, first served," is a service principle where customers are attended to in the order of their arrival or request.