A Durable Good Is

question 265

Multiple Choice

A durable good is

• A) an item consumed in one or a few uses.
• B) an item that usually lasts over many uses.
• C) an item that lasts at least one year without becoming obsolete.
• D) a product purchased only for the use of ultimate consumers.
• E) a product used in the production of other products.

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Definitions:

Corporate Opportunity

A business opportunity or prospect that a corporation's directors, officers, or employees might have a duty to offer to the corporation before pursuing independently.

Board Of Directors

A group of elected or appointed members who jointly oversee the activities of a corporation or organization.

Par-value

The nominal or face value assigned to a share of stock by the company's charter, not necessarily reflecting its market value.

Actual Value

The true or fair market value of an asset or property, as opposed to its estimated or perceived value.