MATCHING Match the Following Terms

question 24

Multiple Choice

MATCHING
Match the following terms:
-The process of receiving material through ordering or gathering material.

• A)Branch
• B)Load-bearing
• C)Stud
• D)Slab
• E)Framing
• F)Joist
• G)Procurement
• H)Framer
• I)Trench

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Definitions:

Normative Statement

An opinion-based statement that reflects values or judgments and cannot be tested or disproven by observation.

Positive

In the context of economic analysis, it often refers to a fact-based approach that attempts to describe how economic systems actually work without making judgments about their desirability.

Circular-Flow Diagram

A model that illustrates the movement of goods, services, and money between households and businesses in an economy.

Factor Market

A marketplace where services of the factors of production (labor, land, capital) are bought and sold.