Which of the Following Would Be a Non-Current Asset of a Bakery

question 6

Multiple Choice

Which of the following would be a non-current asset of a bakery?

• A) The shop fittings
• B) The inventories of bread and flour
• C) The delivery van, hired from Special Wheels
• D) The capital put into the business by the owner

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Definitions:

Marginal Propensity

The additional amount that consumers are likely to spend out of an additional unit of income.

Consumption Function

A formula in economics that shows the link between overall consumption and the gross national income.

Price Level

An index that measures the average of prices for goods and services in an economy over a period of time.

Aggregate Expenditure Line

A graphical representation of the total planned spending in an economy at various levels of national income.