As Incomes Decline, Which of the Following Would Likely See

question 33

Multiple Choice

As incomes decline, which of the following would likely see an increase in demand?

• A) luxury cars
• B) dollar stores
• C) designer handbags
• D) second homes

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Definitions:

Useful Life

The estimated period over which a fixed asset is expected to be usable by the organization, impacting its depreciation calculation.

Operating Costs

The ongoing expenses related to running a business, excluding the cost of goods sold, such as rent, utilities, and payroll.

Service Hours

The total hours spent by an organization or employee providing services to clients or working on service-related tasks.

Economic Value

The value of an asset deriving from its ability to generate income or its potential use in producing goods and services.