Refrigerator purchased by a confectionery shop is an example of:(a) Intermediate good(b) Final good and Capital good(c) Final good

Managers at a local home improvement store see that new home sales in their area have increased. They order more refrigerators for their store. They likely do this because they assume that:multiple choicenew homes and refrigerators are complements.new homes and refrigerators are substitutes.refrigerators are inferior goods.refrigerators are normal goods.

People buy more of good 1 when the price of good 2 rises. These goods are. A. normal goods B. complements C. substitutes D. inferior good

Which type of good is consumed quickly and often?Impulse productEmergency productStaple productConsumer packaged good

Which of the following is an intermediate good?Multiple Choicethe purchase of fuel for a 4x4 trip to Botswana.the purchase of netball uniforms by a netball team.the purchase of a pizza by a university student.the purchase of jogging shoes by a professor

When raw materials are used to create a final product, that product becomes a finished good. When that good is sold, the journal entry includes _______________ and ______________________. Select all that apply.1 pointCredit to cost of goods sold, Debit of inventory (finished goods)Debit to cost of goods sold, Credit to inventory (finished goods) Credit to cash/accounts receivable, Debit to sales incomeDebit to cash/accounts receivable, Credit to sales income