Which of the Following Is the Best Example of a Final

question 42

Multiple Choice

Which of the following is the best example of a final good or service?

• A) Crude oil in an oil well
• B) Gasoline purchased by Exxon for its gas stations
• C) A song you downloaded for a fee from Amazon.com
• D) Retail floor space at a suburban shopping mall

Explain the concept of human capital value and its accumulation for competitive advantage.

Recognize the roles and functions of management in an organizational setting.

Comprehend the influence of behavioral sciences on organizational behavior.

Understand the basic concepts of Gross Domestic Product (GDP) and its components.

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Definitions:

Current Account

The component of a country's balance of payments that records the value of exports and imports of goods and services, as well as international transfers of capital.

Capital Account

It reflects the net change in assets and liabilities from transactions in foreign investments and loans, indicating a country's financial position with the rest of the world.

Financial Account

A component of a country’s balance of payments that records transactions of foreign investment and domestic investment abroad, reflecting changes in ownership of international assets.

Financial Account

A component of a country's balance of payments that records transactions involving financial assets and liabilities between residents and non-residents over a period.