Which of the Following Would Not Be a Characteristic of a Good

question 16

Multiple Choice

Which of the following would not be a characteristic of a good with an elastic demand?

• A)The product lacks unique features that differentiate it from competing products
• B)The product is a high percentage of a consumer's total expenditures
• C)The good is an input used to make a product that is sensitive to changes in price
• D)There are many substitutes available for the good
• E)The product has high switching costs

Comprehend the concept of corporate culture and its components.

Grasp the significance of employee benefits, including tax-related aspects.

Appreciate the economic and demographic factors affecting career opportunities.

Understand the role and impact of artificial intelligence in identifying and hiring employees.

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Definitions:

Present Value

The contemporary valuation of future monetary streams or a single sum, discounted at a chosen rate of interest.

Savings Accounts

Deposit accounts held at financial institutions that provide a modest interest rate, allowing individuals to save money securely.

Deposit

A sum of money placed with a financial institution for safekeeping or to earn interest, often used to secure a financial obligation or as part of a financial transaction.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value, reflecting the time value of money.