A Company That Manufactures Door Hinges Used by GM in Its

question 186

Multiple Choice

A company that manufactures door hinges used by GM in its car doors gets increased orders from GM because more consumers are demanding GM vehicles. This illustrates ________.

• A)secondary demand
• B)contrived demand
• C)primary demand
• D)derived demand

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Definitions:

FUTA Tax Return

A federal tax form required from employers to report and pay unemployment taxes to the Internal Revenue Service, associated with the Federal Unemployment Tax Act.

Wage And Tax Statement

A form, typically referred to as a W-2 form in the United States, that employers provide to employees detailing the employee's annual wages and the amount of taxes withheld from their paycheck.

Tax Liability Accounts

Financial accounts that track the amount of tax that a person or organization owes to the government.

General Checking Account

A type of bank account that allows for the deposit and withdrawal of funds for daily transactions.