TomSauce, a brand of tomato sauce, advertises that the tomatoes it uses are processed within 24 hours of being picked to ensure product freshness. In this scenario, the fresh tomatoes are examples of _____
a. raw materials
b. component parts
c. MRO items
d. supplies
ANSWER: a
The tomatoes are examples of raw materials. Raw materials are unprocessed extractive or agricultural products that become part of finished products.
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In the ATM model of the demand for cash
A. the amount that an individual withdraws is an exogenous variable while the probability of theft or loss is an endogenous variable. B. the amount that an individual withdraws is an endogenous variable while the probability of theft or loss is an exogenous variable. C. both the amount that an individual withdraws and the probability of loss and theft are exogenous variables. D. both the amount that an individual withdraws and the probability of loss and theft are endogenous variables.
On April 1, 2017 the Reba Company purchased 10%, $800,000 bonds of the Trading Up Company at par plus accrued interest. These bonds were classified as an investment in trading securities. The bonds pay interest on June 30 and December 31 each year. The entry by Reba on April 1, 2017, would include a
A) debit to Investment in Trading Securities of $820,000. B) credit to Cash of $820,000. C) credit to Interest Income of $20,000. D) debit to Interest Expense of $20,000.
The ________ is a measure of the variability in a population based on the variability found in the sample
A) sampling distribution B) standard error C) limit D) p E) q
At lower organizational levels, information exhibits _____ granularity.
A. unrefined B. fine C. concentrated D. coarse