Intuitiv Manufacturing's large plastics molding machine suddenly broke down during its day shift. When considering the purchase of available alternatives, Intuitiv decided to rent one for the next two years instead of buying one. In this situation, the large plastics molding machine it rented would be classified as
A. an installation.
B. accessory equipment.
C. an unsought good.
D. a process material.
E. MRO supplies.
Answer: A
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If a contract involves a significant financing component
A. the time value of money is not required to determine transaction price if the payment is more than a year after the transfer occurs. B. the transaction amount should be based on the current sales price of goods or services. C. interest is not accrued as a result of the financing component. D. the time value of money is used to determine the fair value of the transaction.
The significance of oil's peak production is that:
A. oil companies will have to find new revenue services. B. it serves to spread the word that fossil fuels will deplete. C. China and India will need to modify their fuel consumption patterns with peak oil. D. it lets us know how much time we have to make the adjustment to renewables.
Specify three common types of appraisal?
What will be an ideal response?
Which of the following is true of consumer behavior?
A. Specific behaviors vary a great deal for different people, products, and purchase situations. B. Understanding consumer behavior is a simple and a straightforward procedure. C. Psychological variables are not relevant in the consumer decision process. D. In today's global markets, variations in specific behaviors are not very common. E. Cataloging all the possibilities for consumer behavior is easy to do.