Items such as sheet metal, treated lumber, corn syrup, and plastics are examples of _____
a. raw materials
b. processed materials
c. installations
d. MRO supplies
ANSWER: b
Processed materials are products used directly in manufacturing other products. Examples include sheet metal, chemicals, corn syrup, specialty steel, treated lumber, and plastics.
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Exchanges of nonmonetary value do not involve a price
Indicate whether the statement is true or false
The creation of a unique advantage over competitors is called a(n) ________
Fill in the blanks with correct word
Santa Fe Production sells a single product to wholesalers. The company's budget for the upcoming year revealed anticipated unit sales of 31,600, a selling price of $20, variable cost per unit of $8, and total fixed costs of $360,000. Santa Fe's safety margin in units is:
A. 1,600. B. 13,600. C. 0. D. (13,400). E. None of the answers is correct.
Moral hazard and adverse selection problems increased in prominence in the 1980s
A) as deregulation opened up more avenues for savings and loans and mutual savings banks to take on more risk. B) following a burst of financial innovation in the 1970s and early 1980s that produced new financial instruments and markets, thereby widening the scope for risk taking. C) following a decrease in federal deposit insurance from $100,000 to $40,000. D) because of all of the above. E) because of only A and B of the above.