Which of the Following Items Are Included in GDP

question 330

Multiple Choice

Which of the following items are included in GDP?

• A) a used cars
• B) all transactions involving bonds
• C) all new homes
• D) all food stamps

Recognize the enforcement conditions related to performance standards in contracts.

Identify the significance of express and implied conditions in contract enforcement.

Analyze how a condition subsequent can affect contract obligations.

Examine defences to breach of contract, including impossibility and personal satisfaction.

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Definitions:

Remedial Action

Measures taken to correct or mitigate a problem, often after it has been identified through analysis or inspection.

Safety Stock

A quantity of inventory kept on hand to protect against variability in demand or lead time.

Average Demand

The mean amount of a product or service required by customers over a specific period of time, used for inventory and production planning.

Lead Time

The total time taken from the initiation of a process or project until its completion, often used in manufacturing or project planning to indicate the time needed from ordering a product to its delivery.