Fact Pattern 29-1A

question 71

Multiple Choice

Fact Pattern 29-1A
Excel Vehicles, Inc., makes and sells automobiles to auto dealers, including Fine Auto Sales. Fine sells the cars to consumers and businesses.
-Refer to Fact Pattern 29-1A. A car in Fine's possession is probably

• A) a consumer good.
• B) an accession.
• C) equipment.
• D) inventory.

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Definitions:

Baby Boomers

The generation born between 1946 and 1964.

Consumer Spending

The total amount of money spent by households and individuals on goods and services.

DR-CAFTA

The Dominican Republic-Central America Free Trade Agreement, a treaty aimed at creating free trade zones between the United States and several Central American countries, promoting trade and economic growth.

Democratic Republic of Congo

A country located in Central Africa, known for its rich natural resources as well as its complex political and social challenges.