As the Government Builds New Schools,the Construction Workers and Material

question 182

Multiple Choice

As the government builds new schools,the construction workers and material vendors employed on the project spend more in the community where they live.What is the economic term for this effect?

• A) hastening
• B) multiplier
• C) duplicator
• D) spending

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials and labor costs.

Cash Collections

The process of gathering all cash receipts and payments, including those from customers and operational activities, within a particular period.

Merchandise Inventories

Merchandise Inventories consist of goods purchased and held for resale by retail or wholesale businesses, representing a critical component of current assets on the balance sheet.

Sales Budget

An estimate of expected sales revenue for a particular period, forming the basis of a company's revenue planning.