All of the Following Are Examples of a Nondurable Good

question 50

Multiple Choice

All of the following are examples of a nondurable good except

• A)a pencil.
• B)one gallon of gasoline.
• C)a queen-size bed.
• D)a pair of shoes.

---

Definitions:

Intangibles Purchase

The act of acquiring non-physical assets such as licenses, patents, or copyrights that provide the purchaser with exclusive rights or significant value.

R&D Expense

Costs associated with the research and development activities of a company, aimed at the creation of new products or enhancement of existing products.

IFRS

International Financial Reporting Standards; a set of global accounting standards that provide guidance on how to report financial events.

GAAP

GAAP refers to the widely recognized set of accounting norms and guidelines followed in the U.S. for preparing financial statements.