An Example of an Intermediate Good or Service Would Be

question 102

Multiple Choice

An example of an intermediate good or service would be:

• A)bricks bought by a homeowner for constructing a patio.
• B)sacks of groceries bought by a dentist for his family.
• C)a car bought by a household for commuting to work.
• D)a desk bought by an accountant for her office.

Understand the influence of British technological advancements on American industries.

Evaluate the challenges faced by Americans in acquiring new trade ideas and technologies.

Examine the contributions of key individuals to American manufacturing and technology.

Grasp the transformative role of water and steam power in manufacturing and transportation.

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Definitions:

Salaries Payable

An account that represents the total amount of wages earned by employees, but not yet paid by the employer.

Payroll Register

A document that records the payment details of a company's employees, including wages, deductions, and net pay.

Monthly Payroll

The total amount of money paid by a business to its employees in a month, encompassing wages, salaries, and other compensations.

Salaries Payable

A liability account that records the amount of salaries due but not yet paid to employees.