All of the Following Are Examples of Spending on Goods

question 231

Multiple Choice

All of the following are examples of spending on goods and services in the circular flow model except

• A)Amanda purchases a new electric guitar to pursue her hobby seriously.
• B)Chaitanya buys a new spa pedicure chair for her expanding nail salon business.
• C)Hernan buys a pizza at Papa C's.
• D)Lenny buys a new digital camera to take pictures at his son's graduation.

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Definitions:

Entrepreneurial Venture

A new business or startup that is initiated by an entrepreneur with the aim of seeking innovation, growth, and profit.

Entrepreneurs

Individuals who create, organize, and manage a new business or enterprise, taking on greater than normal financial risks in order to do so.

Administrators

Individuals responsible for the management and operation of organizations or systems, overseeing the implementation of policies and achievement of objectives.

Manager

An individual responsible for planning, directing, and overseeing the operations and fiscal health of a business unit, department, or an organization.