Which of the Following Is Not a Durable Good

question 198

Multiple Choice

Which of the following is not a durable good?

• A)furniture
• B)automobile
• C)clothing
• D)refrigerator

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Definitions:

Uncollectible Accounts

Accounts receivable that a company does not expect to collect and writes off as bad debt expense.

Bankruptcy

A judicial process concerning an individual or entity that cannot fulfill their financial obligations.

Maturity Date

The final date by which a loan or other financial instrument must be paid back in full.

Service Charge

A fee collected for services provided, often added to a bill in sectors like banking, hospitality, and restaurants.