Which of the Following Is Classified as an Intermediate Good

question 93

Multiple Choice

Which of the following is classified as an intermediate good?
i.Your purchase of a Big Mac.
ii.McDonald's purchase of pickles.
iii.A McDonald's restaurant owner's interest payment for the loan on her building.

• A)ii only
• B)ii and iii
• C)i,ii and iii
• D)i only
• E)i and iii

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Definitions:

Formal Hierarchy

refers to the structured organization of roles and responsibilities within an institution, where positions and their relations are clearly defined.

Informal Communication

The exchange of information, ideas, and feelings in an unofficial, casual manner, often contributing to the social side of the workplace.

Job Descriptions

Formal documents that outline the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Specialized Jobs

Positions that focus on a narrow set of tasks, requiring specific skills and expertise, contributing to an organization's efficiency and effectiveness.