Which of the Following Correctly Describes a Final Good

question 70

Multiple Choice

Which of the following correctly describes a final good?
I.A final good is bought by its final consumer.
Ii.A final good can be used by a firm as a component of another good or service.
Iii.Investment goods cannot be a final good.

• A)i only
• B)i and ii
• C)i,ii and iii
• D)i and iii
• E)ii and iii

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Definitions:

Employee Performance

Refers to the assessment and evaluation of an employee's work productivity, efficiency, and effectiveness according to predetermined standards.

Job Enrichment

This process involves improving job satisfaction by adding more meaningful tasks and duties to make the work more rewarding or interesting.

Employee Empowerment

A workplace strategy aimed at giving employees more autonomy, resources, and capability to make decisions.

Industrial Engineering

A field of study concerned with analyzing work methods and establishing time standards.