Which of the Following Is True of an Intermediate Good

question 112

Multiple Choice

Which of the following is true of an intermediate good?

• A)It is of no value to the seller.
• B)It is of no value to the buyer.
• C)It is purchased for household production.
• D)It helps produce another good.
• E)It is sold at a discounted price by firms.

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Definitions:

Accounts Receivable Turnover Ratio

A financial metric that measures how efficiently a company collects revenue from its customers by comparing net credit sales to average accounts receivable.

Financial Condition

A description of an entity's financial status, including assets, liabilities, and equity at a specific point in time.

Service Charge

Fees charged for services provided, typically by banks or other financial institutions, which may include account maintenance or transaction fees.

Credit Card

A credit card is a payment card issued by financial institutions that allows cardholders to borrow funds within an agreed limit for purchases or cash advances.