Intermediate Goods Are

question 52

Multiple Choice

Intermediate goods are

• A)sold to their ultimate user.
• B)produced by one firm, bought by another firm, and used as a component of a final good or service.
• C)included directly in the measure of GDP.
• D)capital.
• E)purchased this year but consumed in future years.

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Definitions:

Payroll Register

A document or ledger containing details of employees' pay, deductions, and net pay for a specific pay period.

Current Liabilities

Financial duties that must be settled within a year or the standard operational period of the company, classified as short-term.

Payroll Bank Account

A dedicated bank account used exclusively for processing payroll and related transactions, ensuring accurate tracking of wages and taxes.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its current income, indicating financial health and stability.