A Set of Tires Installed on a Vehicle in an Automobile

question 115

Multiple Choice

A set of tires installed on a vehicle in an automobile factory is counted as:

• A) a final good and its market price is part of GDP.
• B) a final good and its market price is not part of GDP.
• C) an intermediate good and its market price is part of GDP.
• D) an intermediate good and its market price is not part of GDP.

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Definitions:

Support Functions

The various back-office activities and services that help an organization run smoothly, such as IT, HR, and finance.

Team Structure

The arrangement and organization of a group of individuals working together towards a common goal, defining roles, responsibilities, and the hierarchy.

Effective Lateral

A term relating to efficient communication and collaboration across different levels or departments within an organization, without relying on hierarchical chains of command.

Cross-functional Structures

Organizational frameworks in which teams or departments comprising individuals with different functional expertise work together towards a common goal.