Which one of these statements is correct?
A) Finished goods are classified as a commodity.
B) Work-in-progress may have less resell value than the individual component parts did.
C) Raw materials that are considered to be a commodity are generally illiquid.
D) Raw materials consist of only those goods that are found in nature.
E) Finished goods are highly liquid because they are completed.
B) Work-in-progress may have less resell value than the individual component parts did.
You might also like to view...
Which of the following is not presented in the textbook as a purpose of environmental protection statutes?
A. Ensure that businesses have no impact on the environment. B. Promote clean air and water through regulation and permitting. C. Protect wildlife and endangered species. D. Ensure that government agencies make as minimal an impact as possible on the environment.
What are some common ethical situations that occur between salespeople and customers? What control systems can an employer implement to create an ethical sales climate?
What will be an ideal response?
______ is the degree of compatibility between candidates and organizations based on personalities, behaviors, values, and attitudes.
A. Socialization B. Context C. Person-organization fit D. Social dynamics
How firms compete with each other and how they attain and sustain competitive advantage are the essence of ________.
A. strategic management B. operations management C. financial management D. data management