An Example of an Intermediate Good Is

question 42

Multiple Choice

An example of an intermediate good is:

• A) wages paid to an employee.
• B) steel purchased by aircraft manufacturers.
• C) vegetables purchased for your dinner.
• D) electric bills for your house.

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Definitions:

Non-substitutability

A characteristic of resources or skills that cannot be replaced or duplicated easily by alternatives.

Expert Power

The influence one possesses as a result of one's expertise, skills, or knowledge.

Substitutable

The concept that one item or service can be replaced by another with similar function or utility.

First-line Supervisors

Managers or supervisors who are at the lowest level of an organization's hierarchy and have direct oversight of non-managerial employees.