Goods That Are Used Up Entirely in the Production of Final

question 387

Multiple Choice

Goods that are used up entirely in the production of final goods are known as

• A) durable goods.
• B) value added goods.
• C) intermediate goods.
• D) capital goods.

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Definitions:

Cash Flows

Cash flows refer to the net amount of cash being transferred into and out of a business, often used to analyze the liquidity and financial health of a company.

Fixed Assets

Fixed assets are long-term tangible assets that are used in the operations of a business and are not expected to be converted to cash within a year.

Tax Benefit

A reduction in tax liability, often received through deductions, credits, or other allowances.

Selling Price

The amount of money for which something is sold in the market.