Examlex
Match each description below to the appropriate term (a-c).
-Transferring overhead costs to support and production departments
A)Allocate
B)Distribute
C)Apply
Capital Goods
Long-term assets such as buildings, machinery, and equipment purchased by businesses to produce goods and services.
Terms of Trade
The ratio of an index of a country's export prices to an index of its import prices, used to measure the relative trading advantage or disadvantage.
Consumption
The use of goods and services by households, constituting one of the primary components of GDP.
Developing Nations
Countries with a lower living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
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