Which of the Following Products Does Not Satisfy a Consumer

question 144

Multiple Choice

Which of the following products does not satisfy a consumer need?

• A)groceries
• B)a winter coat
• C)a house
• D)a home security system
• E)cable television

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Definitions:

Endowment Contributions

Donations made to an institution, often with the stipulation that the principal remains intact while the income or interest is used for a specific purpose.

Capital Assets

Long-term assets acquired or invested in for the purpose of generating revenue over an extended period.

Fair Value

A measure of the value of an asset or liability based on current market prices.

Replacement Cost

The expense of replacing an asset at its current market price.