Production is the process through which resources are converted into finished products and given value
Indicate whether the statement is true or false
TRUE
Explanation: It is a series of related activities, with value being added as each activity or stage is completed. All businesses, whether they are strictly manufacturing, strictly service, or a combination of both, require some form of production process.
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The greatest single factor that determines the health of family members and how their members interact is which of the following?
A. income B. work status C. communication D. disposable income
Answer the following statements true (T) or false (F)
1.A subsidy granted to import-competing producers is intended to lead to increased domestic production and decreased imports for the home country. 2.A subsidy granted to an import-competing producer shifts its supply schedule outward to the right. 3.A subsidy granted to an import-competing producer imposes a deadweight loss on the domestic economy equal to the redistribution effect plus consumption effect. 4.A subsidy granted to import-competing producer reduces overall domestic welfare by the same amount as would a tariff or quota that restricts imports by the same amount. 5.To the extent that subsidies granted to exporting firms reduce the foreign price of their goods, the subsidizing country's terms of trade worsen.
The manager of Center A of Harry International is responsible for generating cash inflows and incurring costs with the goal of generating returns for the company. The manager has no responsibility for assets. What type of responsibility center is Center A?
A) Cost center B) Discretionary cost center C) Profit center D) Revenue center
Which article of the Uniform Commercial Code governs secured transactions in personal property?
A) Article 8 B) Article 9 C) Article 18 D) Article 19