Changes in Inventory

question 87

Multiple Choice

Changes in inventory

• A) are always planned.
• B) are always unplanned.
• C) count in GDP.
• D) depend on government regulations.
• E) count as output that is produced and sold in a given year.

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Definitions:

Automobile

A vehicle on wheels designed for transport, commonly propelled by an internal combustion engine or an electric motor.

Proprietor

An individual who owns and runs a business, possessing exclusive legal rights and responsibilities regarding its operations.

Absolute Liability

A legal principle where a party is held responsible for damages or loss, irrespective of intent or negligence.

Bailee

An individual or entity who temporarily holds property on behalf of another under a bailment agreement.