The Price of a Good Will Rise When

question 105

Multiple Choice

The price of a good will rise when:

• A) there is a shortage of the good.
• B) there is a surplus of the good.
• C) demand for the good decreases.
• D) the supply of the good increases.

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Definitions:

Master Budget

A comprehensive financial plan that includes all of the smaller specialized budgets within an organization for a specific period, guiding financial planning and performance benchmarks.

Cash Disbursements

The total amount of money paid out by a business for all its expenses and investments during a specific period.

Selling Expense

Costs incurred directly from the selling of goods or services, such as sales commissions and advertising expenses.

Sales Collection

The process of receiving payment from customers for goods or services sold, impacting a company's cash flow.