An industrial firm
A. in some way reprocesses a product or service it buys before selling it again to the next buyer.
B. only produces a product, not a service.
C. is one that is independently owned and takes title to the merchandise it sells.
D. buys physical goods and resells them again without any reprocessing.
E. deals exclusively with federal, state, and local governments.
Answer: A
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What are systems are used to create the digital designs and then manufacture the products?
A. RFID electronic product code B. Makerspace C. Maker movement D. Computer-aided design/computer-aided manufacturing
Sill Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. If 61,000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to:
A. 57,500 pounds B. 104,900 pounds C. 58,900 pounds D. 81,900 pounds
Which of the following are characteristics of an MRPII system?
I. It incorporates the plans of marketing, production and finance. II. It is a fully integrated planning and control system. III. It has feedback from the bottom up. A) I only B) II only C) III only D) I, II and III
When applying equal total payments to a note, with each payment the amount applied to the note principal ________ while the interest expense for the note ________.
Fill in the blank(s) with the appropriate word(s).