Which Is the Best Description of Discretionary Income

question 13

Multiple Choice

Which is the best description of discretionary income?

• A) Money that the household saves for emergencies and does not spend.
• B) The money available to a household after tax.
• C) The total gross income the household has earned.
• D) The money available to a household over and above that required for a comfortable standard of living.

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Definitions:

Inventory Management

The practice of ordering, storing, tracking, and controlling inventory to ensure availability while minimizing costs.

Insource

refers to shifting jobs or tasks that were previously outsourced back within the organization, often to maintain control or reduce costs.

Outsource

The practice of hiring third-party service providers to perform tasks, handle operations, or provide services that are either difficult to manage or are outside the company's expertise.

Customized Items

Products or services tailored to meet the specific needs or preferences of an individual customer or market segment.