Refined raw materials that have not yet reached the finished product stage are called
a. raw goods
b. unfinished goods
c. finished goods
d. works-in-process
e. prefinished products
d. works-in-process
You might also like to view...
Answer the following statement(s) true (T) or false (F)
1. A negligence standard, with the allowance of contributory negligence, always leads to a socially optimal outcome. 2. Strict liability is the liability that exists when it can be proven beyond a reasonable doubt that the defendant was negligent. 3. Negligence is irrelevant when a strict liability standard is applied. 4. The principle of general average gives a ship's captain an incentive to consider the value of cargo when jettisoning it to prevent a disaster. 5. The doctrine of Respondent Superior contends that an employer is sheltered from torts committed against his employees.
According to research by Richard Sylla and John James on western farm mortgage rates,
a. real rates were lower than rates charged to eastern manufacturers. b. relatively high real rates were due to the monopoly power of eastern financiers. c. relatively high rates reflected high lending risks associated with agricultural loans. d. Farmers' nominal rates were high, but real rates were actually less than those charged for most loans.
a person who was laid off during a recession and .....
What will be an ideal response?
Bob just graduated from college and has just landed his first job with a local accounting firm that will start in three months. Bob plans to use that time to find a place to live, and adjust to the new area. Bob would be considered:
A. frictionally unemployed. B. Bob is not in the labor force. C. employed. D. structurally unemployed.