An Organization Purchases Products with the Intention of Selling Them

question 40

Multiple Choice

An organization purchases products with the intention of selling them to the ultimate consumer for their personal,family,or household use.This organization is a

• A)wholesaler.
• B)supplier.
• C)producer.
• D)distributor.
• E)retailer.

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Definitions:

Measured

Evaluated or quantified in terms of extent, dimensions, quantity, or capacity.

Flow Variable

A variable that is measured over a specific period of time, such as income or expenditure, which may change from one period to the next.

Federal Government

The national government of a federal state, which holds the authority to govern on matters that affect the entire country, differentiated from state or local governments.

Sales Tax

A tax imposed on sales of goods and services, usually calculated as a percentage of the purchase price paid by the consumer.