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  • Question
  • Final goods and services refer to


  • Options
  • A. goods and services purchased by ultimate users, rather than for resale or further processing
  • B. goods and services whose value has been adjusted for changes in the price level
  • C. the excess of U.S. exports over U.S. imports
  • D. goods and services that are unsold and therefore added to inventories

  • Correct Answer
  • goods and services purchased by ultimate users, rather than for resale or further processing 

    Explanation

    Final goods and services refer to goods and services that have been purchased for final use and that cannot be resaled.

  • Tags: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

    Business Awareness problems


    Search Results


    • 1. Regulatory policies protect consumers by

    • Options
    • A. controlling the supply of money
    • B. providing public assistance programs
    • C. overseeing and limiting businesses
    • D. deciding how to tax and spend money
    • Discuss
    • 2. The term 'degrees of newness' is associated with

    • Options
    • A. total years of business experience
    • B. degree of design change
    • C. average length of time on the job
    • D. average age of employees
    • Discuss
    • 3. Smoke alarms are only necessary in the workplace.

    • Options
    • A. TRUE
    • B. FALSE
    • Discuss
    • 4. Which of the following BPO companies is wholly-owned subsidiary of polaris Software?

    • Options
    • A. Spectramind
    • B. Drogeon
    • C. WNS
    • D. Optimus
    • Discuss
    • 5. Which one of the following statements with regard to Antrix Corporation Limited is correct?

    • Options
    • A. It is a commercial arm of the Department of Industrial Policy and Promotion.
    • B. It is under the administrative control of the Department of Space.
    • C. It is under the administrative control of the Ministry of Health and Family Welfare.
    • D. It is a commercial arm of the Department of Science and Technology.
    • Discuss
    • 6. Quality assurance is an example of which process?

    • Options
    • A. Testing
    • B. Manufacturing
    • C. Delivering
    • D. None of the above
    • Discuss
    • 7. An increase in the price of a good will

    • Options
    • A. decrease demand
    • B. increase quantity demanded
    • C. increase demand
    • D. decrease quantity demanded
    • Discuss
    • 8. The purpose of safety stock is to

    • Options
    • A. eliminate the possibility of a stockout
    • B. control the likelihood of a stockout due to the variability of demand during lead time
    • C. replace failed units with good ones
    • D. eliminate the likelihood of a stockout due to erroneous inventory tally
    • Discuss
    • 9. Fixed cost per unit increases when

    • Options
    • A. variable cost per unit decreases
    • B. production volume decreases
    • C. variable cost per unit increases
    • D. production volume increases
    • Discuss
    • 10. Sales promotions include all of the following except

    • Options
    • A. Online Ads
    • B. Coupons
    • C. Free Samples
    • D. Rebates
    • Discuss


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