A Final Good Is One That

question 18

Multiple Choice

A final good is one that

• A)is used in the production of another good.
• B)is a natural resource used to produce a good.
• C)is purchased as an input in the production process.
• D)is purchased by its final user.

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Definitions:

Total Assets

The sum of all resources owned by an entity that are expected to provide future economic benefits.

Cash Paid

The total amount of money disbursed by a company in transactions, such as paying bills, salaries, or purchasing goods.

Interest

The charge for borrowing money, typically expressed as a percentage of the amount borrowed, paid by the borrower to the lender.