A company that uses labor, equipment, supplies, and facilities to convert raw materials into finished products is a ________.
A) merchandising company
B) manufacturing company
C) service company
D) trading company
B) manufacturing company
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The notification accompanying a check that indicates the specific invoice being paid is called a
a. remittance advice b. voucher c. debit memo d. credit memo
To offer a trade discount, a company must print a special catalog each time there is a change in prices
Indicate whether the statement is true or false
Companies who believe that higher sales volume leads to lower unit costs and higher long-run profits are attempting to ________
A) maximize their market share B) skim the market C) become a product-quality leader D) merely survive in the market E) maximize their current profits
Which of the following went hand-in-hand with the development of agriculture in all agrarian civilizations?
a. written law codes b. democratic government structures c. the use of slaves d. the appearance of lawyers