Corn refiners buy shelled corn and convert it into a variety of products, including high-fructose corn syrup. The refiners then sell these products to companies for use in foods and beverages
a. Resellers
b. Producers
c. Distributors
d. Governments
ANSWER: b
Organizations that buy business goods and incorporate them into the products they produce for eventual sale are known as original equipment manufacturers (OEMs) or producers. The corn refiners are examples of producers as they buy shelled corn and convert it into a variety of products.
You might also like to view...
Answer the following statements true (T) or false (F)
1. The key to the win-win strategy is that it follows a combative problem-solving approach rather than a mutual one. 2. In order to effectively implement the win-win approach, managers must believe that competition is better than cooperation. 3. A manager needs to enter the conflict situation believing others’ opinions are beneficial. 4. Research reveals that problem-solving groups with high trust usually exchange relevant ideas and feelings more openly.
Which of the following questions should oneconsider wheninvestigating an employee offense?
A. Does one have at least three sources of facts? B. Is there evidence that the offense hurt the organization? C. Is there both direct and indirect evidence of guilt? D. Was the employee warned of the consequence at least two times?
Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) On January 1, Year 1, Ravenwood Company issued a long-term installment note. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
In the EBIT-EPS approach to capital structure, a constant level of EBIT is assumed ________
A) to ease the calculations of owners' equity B) to isolate the impact on returns of the financing costs associated with alternative capital structures C) to emphasize the relationship between interest expenses and taxes D) to concentrate on the effect of revenue and expense on capital structure decisions