___________ Is Based on the Concept That If You Buy

question 10

Multiple Choice

___________ is based on the concept that if you buy something at one price and sell it at a higher price,you will make a profit.

• A)Arbitrage
• B)Capitalism
• C)Currency exchange
• D)Barter

---

Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession through on-the-job training and often some accompanying study.

Direct Costs

Expenses directly tied to the production of goods or provision of services, such as materials and labor.

Particular Department

Refers to a specific division or unit within an organization that focuses on a certain area of work or function.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment or to compare the efficiency of several investments, typically expressed as a ratio or percentage.