Money Is

question 210

Multiple Choice

Money is

• A)an asset that people are willing to accept in exchange for goods and services.
• B)a liability that people are willing to accept in exchange for goods and services.
• C)the income one earns over a period of time.
• D)one's assets net of one's liabilities at any point in time.

Identify signs of atypical behavior or development in play.

Grasp the concept of social and gender roles in children’s play.

Recognize the influence of family structure and order on child development.

Understand the role of social cognitive theory in socialization.

---

Definitions:

Overhead

The ongoing business expenses not directly attributed to creating a product or service.

Operating Profit

The profit earned from a firm's normal business operations, excluding deductions of taxes and interest.

Markdown

A reduction in the selling price of goods or services, often used as a sales strategy to encourage consumer purchases or to clear older stock.

Mark-up

The difference between the cost of a product or service and its selling price, expressed as a percentage of the cost.