All of the Following Are Examples of Intermediate Goods, Except

question 177

Multiple Choice

All of the following are examples of intermediate goods, except

• A)flour bought by a bakery.
• B)an oven bought by a bakery.
• C)office supplies bought by an accounting firm.
• D)gasoline bought by a trucking company.

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Definitions:

Cash Fund

A reserve of cash set aside for specific needs or emergencies, ensuring liquidity for unexpected expenses.

Gain on Disposal

The profit realized from the sale of an asset for more than its book value.

Cost of Goods Sold

The total cost associated with making or acquiring any goods sold during a reporting period.

Natural Resources

Assets that consist of standing timber and underground deposits of oil, gas, and minerals.