Which of the Following Is Classified as a Final Good

question 56

Multiple Choice

Which of the following is classified as a final good or service?
i. tires bought by GM to put on new Tahoes
ii. mustard bought by Subway to put on its sub sandwiches
iii. your purchase of online access to the Wall Street Journal

• A)i, ii and iii
• B)iii only
• C)ii only
• D)i and ii
• E)ii and iii

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Definitions:

Food And Drugs Act

A law that sets standards for the safety and purity of food, drugs, cosmetics, and other related products to protect the public health.

Improperly Labelled

A situation where a product's packaging or labeling does not accurately describe its contents or fails to meet regulatory standards.

Liable

Legally responsible for an action or a debt.

Statutory Warranties

Express warranties on goods provided by statute.