The Factor That Restricts Production or Sale of a Product

question 222

Multiple Choice

The factor that restricts production or sale of a product is which of the following?

• A)Demanding factor
• B)Constraint
• C)Sunk factor
• D)Relevant factor

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Definitions:

Deductibility

The ability of an expense or contribution to be subtracted from gross income, reducing the taxable income and tax liability.

Residual Value

The anticipated worth of an asset upon reaching the conclusion of its lifespan.

Leasing

Leasing is a financial arrangement whereby a person or entity uses an asset or property owned by another for a specified period, in exchange for periodic payments.