The Reason That Only Final Sales Are Counted in GDP

question 59

Multiple Choice

The reason that only final sales are counted in GDP is

• A)to avoid double counting goods that are sold so as to be resold.
• B)to not count production in other countries.
• C)because the government can't get records on intermediate sales.
• D)to simplify the computation and no other reason.

Acknowledge the realistic time frame and expectations concerning venture success and venture capital involvement.

Distinguish between myths and realities about entrepreneurs to correct common misconceptions.

Understand the significance of achievement motivation within the entrepreneurial setting.

Grasp the role of creativity, self-reliance, and adaptability in entrepreneurship.

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Definitions:

Point System Job Evaluation

A quantitative method of determining the value of a job in relation to other jobs within an organization by scoring it on various factors.

Allocating Points

The process of distributing or assigning points based on certain criteria, often used in scoring systems, evaluations, or resource management.

Individual Incentive Plan

Compensation strategy designed to reward employees based on their individual performance achievements.

Piecework

A payment method based on the amount of work completed rather than the time taken, frequently used in manufacturing and agriculture.