Which of the Following Would Be Treated as an Expense

question 275

Multiple Choice

Which of the following would be treated as an expense item for a children's clothing manufacturer?

• A) Cloth.
• B) Sewing needles.
• C) Buttons.
• D) Zippers.
• E) All of these would be treated as expense items.

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Definitions:

Demand-pull Inflation

Inflation that occurs when the demand for goods and services exceeds their supply, leading to an increase in prices.

Demand-pull Inflation

A situation where inflation is caused by an increase in demand for goods and services, exceeding the available supply.

Cost-push Inflation

Inflation caused by an increase in production costs, such as raw materials and wages, which leads to a decrease in the supply of goods and services at the same price levels.

Social Security

A government program that provides financial assistance to individuals who are retired, disabled, or otherwise unable to earn sufficient income through employment.