A Consumer Good That Is Used Up Within Three Years

question 292

Multiple Choice

A consumer good that is used up within three years is a(n)

• A) durable consumer good.
• B) nondurable consumer good.
• C) service.
• D) investment.

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Definitions:

Panel on the Nonprofit Sector

An advisory group or committee that focuses on addressing issues, challenges, and opportunities within the nonprofit sector, often providing guidance, research, and recommendations.

Governance Committee

A group within an organization charged with overseeing the strategic direction and accountability, often focusing on board recruitment, selection, and evaluation.

Board Professionals

Specialists or experts who provide guidance, advice, or services to an organization's board of directors, often in legal, financial, or strategic planning areas.

Carver's Model

A governance model created by John Carver that emphasizes the board's responsibility for the organization's purpose, direction, and overall policy.