Which of the Following Organizations Is an Example of the Goods-Producing

question 98

Multiple Choice

Which of the following organizations is an example of the goods-producing sector of the economy?

• A)Ford Motor Company
• B)University of Toronto
• C)Children's Hospital
• D)H & R Block Tax Consulting Firms in the goods-producing sector produce tangible products.Of the organizations listed in this question,only Ford Motor Company produces a tangible product.

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Definitions:

Starter Coil

An electromagnetic coil used in starting systems of engines or motors to provide the initial torque or to engage the starting mechanism.

Pressure Switch

An apparatus that engages or disengages an electric circuit in response to reaching a specified fluid pressure at its input.

Ladder Logic

A graphical programming language used in programmable logic controllers (PLCs) that represents electrical control circuits with symbols resembling a ladder.

Functional Block Diagram

A graphical representation of a system’s functional relationships, showing blocks (functions) interlinked by lines which represent the system’s flow of data.