A Good That Is Purchased for Final Use Is

question 1

Multiple Choice

A good that is purchased for final use is:

• A) an intermediate good.
• B) a final good.
• C) an inventory good.
• D) an ultimate good.

---

Definitions:

Retained Earnings

The portion of net income that is not distributed to shareholders but instead is reinvested in the business or used to pay off debt.

Net Income

Net income is the total earnings of a company after all expenses and taxes have been deducted from total revenue.

Dividends

Payments made to shareholders out of a corporation's earnings.

Shareholders

Owners of shares in a corporation, holding a portion of the company's stock and thus a claim on its assets and earnings.