All of the Following Are Included in Gross Private Domestic

question 59

Multiple Choice

All of the following are included in gross private domestic investment expenditure EXCEPT

• A)a business's purchase of a fleet of cars.
• B)a business's purchase of another company's stock.
• C)a retail store's purchase of shoes to add to its inventory.
• D)a household's purchase of a new house.

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Definitions:

Fixed Factory Overhead Volume Variance

The difference between the budgeted and actual fixed overhead costs attributed to a variation in produced or achieved volumes of goods.

Actual Hours

The real number of hours worked by employees, often used in comparing to budgeted or standard hours for performance analysis.

Standard Hours

The set amount of time expected for a task or job to be completed, often used in planning and efficiency analysis.

Units Produced

The total number of finished items or products created by a production process or manufacturing operation.