Which one of the following groups would be the primary beneficiary of a tariff. Households are neither buyers nor sellers in the factor market.
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Finished Goods 400000 Cost of Goods Sold 400000 b.
. Domestic producers of export goods. Which of the following are NOT true in regards to small and medium-sized enterprises SMEs. A gets its apparent customization from the combinations available from a small number of modules.
Supplies are custom designed for each customer whereas business services are normally standardized. B is often the output of repetitive focus facilities. Which of the following is true regarding the concept of flexibility.
From the following select the entry to record the transfer of costs from finished goods to cost of goods sold. Producers are neither buyers nor sellers in the product market. Projects Job shop processes Flow shop processes Continuous flow processes.
It accumulates cost for each department within the factory. C is a valid description of a fast food sandwich. In a pure market economy firms do not produce public goods because.
Which of the following is true in a market economy. Unlike the other EU institutions the European Parliament has little democratic accountability. The economy of the United States can be described as.
Households are sellers in the product market. Suppose a steel factory pollutes the water that local residents must drink but the market price of steel fails to reflect such costs. People are told by the government what type of work they must do.
Supplies are immoderate compared to other business goods whereas business services are economical. Which of the following statements is true of a sharing economy. In a sharing economy an individual experiences the benefits of being both a consumer and a producer.
The members of the European Commission are expected to represent their states national interests. The government controls the most profitable businesses. It is the ability to change production rates with little penalty in time cost or customer value.
Group of answer choices. Which of the following statements about a simple circular flow model is true. It provides a separate record for the cost of each quantity of product that passes through the factory.
An organizations trust and reputation have little role in determining its place in a sharing economy. Returned goods are part of reverse logistics. If member states do not uphold EU law they can be fined or sanctioned.
Finished goods are usually made to order. E All but D are true. Which of the following is true of custom goods.
An example of a public good in an economic context is. A sole proprietorship is a company owned by two or more individuals. Producers are buyers in the factor market.
They are usually available as they are stocked in inventory. This type of goods and services are generally produced in small quantities. Income from a sole proprietorship is distributed to the owner in the form of a dividend.
Which of the following is not a characteristic of a job order costing system. 2212020 QuickBooks Certification Test Flashcards Quizlet Which of the following statements is not true regarding entering and paying bills in if you use the enter bills window to record a bill do not use the write checks window or check register to pay the same bill. Standard goods are also known as.
They are produced on demand. D only applies in services. Domestic consumers of goods protected by the tariff.
The cost of production of completed and finished goods during the period amounted to 400000 and the finished products shipped to customers had total production costs of 337000. Which of the following is not true of a custom good. 28 A quasi-custom product.
Which of the following is true of the European Union. Supply and demand influences the economic decisions of businesses and individuals. They are usually available as they are stocked in inventory.
Self-policing mechanisms are typically absent in most platforms that. Which of the following is true about a sole proprietorship. Domestic producers of goods protected by the tariff.
They generate 60-90 of employment depending on where they are located. It is best suited for industries that manufactures custom goods. The income from a sole proprietorship is taxed on the owners personal income tax return.
The government decides what the prices of goods will be. Delayed differentiation is a means of increasing product variety without building the customized product from scratch or keeping large inventories of custom products. Uses only one work in process account.
Supplies are part of a final product whereas business services do not become part of a final product. Which of the following is true of custom goods. They create approximately 50 of total value added in the world.
A 30 reduction in product and service variety wont really affect the efficiency of a supply chain.
Mod 5 Scm 545 Final Flashcards Quizlet
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Mod 5 Scm 545 Final Flashcards Quizlet
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