Which of the Following Transactions Is Represented by the Diagram

question 34

Multiple Choice

Which of the following transactions is represented by the diagram below?

• A)A junkyard holds weekly sales where it sells its entire inventory.
• B)A shoe store sells products to consumers.
• C)A stay-at-home mom creates furniture for doll houses.When one piece is finished,she sells it on Amazon.com.
• D)Netflix sells movies to consumers through its online downloading service.

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Definitions:

Government

The government refers to the system or group of people governing an organized community, often a state, setting and enforcing laws and policies.

Benefits

The advantages or profits gained from something, including financial, health, or well-being improvements.

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Optimal Quantity

The quantity of a good or service at which the total cost is minimized and the total revenue is maximized.