The Way in Which an Economy's Resources Are Converted to Output

question 189

Multiple Choice

The way in which an economy's resources are converted to output is part of the _______________ environment.

• A) competitive
• B) economic
• C) political
• D) technological
• E) social

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Definitions:

Bank Fee

Charges imposed by banks for various services or as penalties for not meeting certain banking requirements.

Petty Cash Fund

A small amount of cash kept on hand for making immediate payments for minor expenses.

Cash Over and Short

An account that records the discrepancies between the actual cash received and the expected amount.

Petty Cash Fund

A small amount of cash on hand used for paying expenses too small to merit writing a check.