The Callaway Family Owns a Small Bait and Tackle Shop

question 460

Multiple Choice

The Callaway family owns a small bait and tackle shop in a resort town in Wisconsin. An economic recession reduces the number of tourists for one summer, which reduces the family's income for that year. For the Callaway family, their

• A)transitory income for the year of the recession likely exceeds their permanent income.
• B)permanent income likely exceeds their transitory income for the year of the recession.
• C)permanent income will be more affected by the recession than their transitory income.
• D)Both a and c are correct.

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Definitions:

Indirect Claim Message

Communication that presents a request or claim in a less direct manner, often to soften the impact or be polite.

Defective Component

A part or element in a piece of equipment or system that is faulty or malfunctioning.

Thank You

A polite expression used to acknowledge a kindness or service.

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Refusing to acknowledge someone's contribution or effort.