A Nondurable Good Is Defined as A(n)

question 165

Multiple Choice

A nondurable good is defined as a(n)

• A)item consumed in one or a few uses.
• B)item that usually lasts over an extended number of uses.
• C)item that lasts at least one year without becoming obsolete.
• D)product purchased only for the use of ultimate consumers.
• E)product used in the production of other products.

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Definitions:

Closely Held Corporations

Corporations that have a limited number of shareholders, often family members or close associates, and whose shares are not publicly traded.

Publicly Held Corporations

Companies that have issued securities through an initial public offering (IPO) and are traded on at least one stock exchange or in the over-the-counter market.

Proxy

A person authorized to act on behalf of another, especially in voting at a shareholders' meeting.

Board Meeting

A formal gathering of the board of directors of an organization, company, or corporation to discuss and decide on company policy and management issues.