A Company Sells 100 Boxes of Chocolate,yet It Only Produced

question 146

Multiple Choice

A company sells 100 boxes of chocolate,yet it only produced 90 boxes of chocolate during the year.Which of the following is true?

• A) It is impossible to sell more than is produced.
• B) Inventory investment must be negative.
• C) The price of the chocolate must have gone up.
• D) The firm must have acquired the extra 10 boxes from another company.
• E) The firm sold the chocolate but must have given 10 people an IOU.

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Definitions:

Technology

Anything that provides an artificial means to achieve a given end or result.

Industrialization

The transformation from agrarian-based economies to those dominated by industry and machine manufacturing, significantly altering societal structures and ways of life.

Economic system

The structured and organized way a society decides on the production, distribution, and consumption of goods and services.

Domesticating

The process of adapting wild plants or animals for human use, such as for food, work, companionship, or as pets.