All of the Following Are Considered as Elements in the Economic

question 50

Multiple Choice

All of the following are considered as elements in the economic environment EXCEPT:

• A) public policies.
• B) purchasing power.
• C) discretionary income.
• D) general economic conditions.
• E) disposable income.

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Definitions:

Transactions

Acts of buying or selling goods, services, or financial instruments.

Invests

The act of allocating resources, usually money, in the expectation of generating an income or profit.

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.

Cash Payment

A transaction in which money is paid out or disbursed immediately in cash.