Which of the Following Types of Businesses Would Normally Have

question 3

Multiple Choice

Which of the following types of businesses would normally have the shortest operating cycle?

• A)A retail clothing store
• B)A grocery store
• C)A wholesale furniture store
• D)A car manufacturer
• E)A car dealer

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Definitions:

Tariff

A tax levied on goods imported into a country.

Imported Steel

Steel that is produced in one country and brought into another for use in manufacturing or construction.

Domestic Industry

Industries within a country’s borders that produce goods or services for the local economy.

Public Choice Analysis

is a field of economics that applies economic reasoning to political science, analyzing government actions in terms of economic efficiency and individual behaviors.