Which of the Following Makes Up the Smallest Category of Consumer

question 164

Multiple Choice

Which of the following makes up the smallest category of consumer spending in Canada?

• A) food
• B) transportation
• C) alcoholic beverages and tobacco products
• D) shelter

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Definitions:

Profits

The financial gain obtained when revenue generated from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Payday Loan

A type of short-term borrowing where an individual borrows a small amount at a high rate of interest, typically due on their next paycheck.

Profitable Stores

Retail outlets that generate more revenue than the expenses incurred in their operation.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee for their work, including salaries, bonuses, benefits, and any other form of payment.