Which of the Following Is the Best Example of a Nondurable

question 129

Multiple Choice

Which of the following is the best example of a nondurable good?

• A) automobile
• B) iPod
• C) baseball
• D) gasoline
• E) shoes

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Definitions:

Planning Budget

A financial plan that estimates the income and expenditures for a future period, often used as a guide for financial decision making.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Flexible Budget

A budget that adjusts or flexes with changes in the volume or activity level.

Static Planning Budget

A budget based on a fixed level of activity and does not change in response to variations in the actual level of activity.