Which of the following is a similarity between raw materials and component parts?

a. Both fail to retain their identity in final products.
b. Both become part of the final product.
c. Both are unprocessed extractive products.
d. Both are more expensive than accessory equipment.


ANSWER: b

Both raw materials and component parts become part of the final product. Raw materials are unprocessed extractive or agricultural products. Component parts are either finished items ready for assembly or products that need very little processing before becoming part of some other product.

Business

You might also like to view...

For all inventory systems, physical inventories should be taken

Indicate whether the statement is true or false

Business

Mr. and Mrs. Ibrah filed their 2018 Form 1040 on June 6, 2019. Assuming that the return does not contain any significant errors, what is the latest date that the IRS can assess any additional 2018 tax? 

A. April 15, 2022 B. June 6, 2022 C. December 31, 2021 D. December 31, 2022

Business

What does Kaplan term the situation where a strategy is designed as a PowerPoint presentation?

a. Rational strategy b. Cartographic strategy c. Simple strategy d. Stupid strategy

Business

Effective presentations should contain deliberate repetition of ideas

Indicate whether the statement is true or false

Business