Depreciation Is Subtracted from GNP to Determine

question 31

Multiple Choice

Depreciation is subtracted from GNP to determine

• A) net income.
• B) net national product (NNP).
• C) net GDP.
• D) net imbalance on exports.

Appreciate the importance of quality in products and services and the impact of six sigma on customer satisfaction.

Understand productivity measurement methods and the productivity ratio.

Recognize scheduling methods and their application in production planning.

Understand the distinctions between service-related and manufacturing businesses in terms of productivity and capital intensity.

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Definitions:

Medium Of Exchange

Anything that facilitates trade by being generally accepted by all parties in payment for goods or services.

Facilitates Trade

Actions or policies designed to make trade between countries or parties easier, typically through reducing barriers such as tariffs and quotas.

Barter

The direct exchange of one product for another without using money.

Medium Of Exchange

Anything that is widely accepted as a means for the payment of goods and services and repayment of debts.