The Business Market Consists of the Following Three Components

question 63

Multiple Choice

The business market consists of the following three components:

• A)commercial enterprises, resellers, and government.
• B)manufacturers, institutions, and defense.
• C)manufacturers, service organizations, and government.
• D)commercial enterprises, service organizations, and government.
• E)commercial enterprises, institutions, and government.

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Definitions:

Constant Percentage

A fixed rate applied over time or across instances, often used in calculation methods or financial formulas.

Straight-Line Depreciation

is a method of calculating the depreciation of an asset by evenly spreading its cost over its useful life.

Residual Value

The anticipated amount an asset is expected to be worth when it is sold after reaching the end of its usability.

Units-of-Production Method

A depreciation approach based on the actual usage, operational output, or units of production of the asset, rather than on time alone.