Which of the Following Is an Example of Spending on Goods

question 175

Multiple Choice

Which of the following is an example of spending on goods and services in the circular flow model?

• A)Micah purchases a new wrench for his auto repair business.
• B)Chester buys a first-class ticket from Atlanta to London for his long-awaited vacation.
• C)Toby buys a new lawn mower to use in his lawn care business.
• D)Lily purchases a new massage table for use in her therapy center.

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Definitions:

Subordinates

Employees or team members who are lower in rank or position and report to someone higher in the organizational hierarchy.

Promotions and Demotions

Actions taken by an organization to move an employee to a higher or lower position, affecting their responsibility and often pay.

Developmental Needs

The requirements for growth, learning, and improvement in personal or professional capabilities, skills, or competencies.

Performance Feedback

A process where employees receive information and analysis about their job performance from supervisors or systems.