Engineers, Scientists, or Architects, Who Design New Products or Services

question 52

Multiple Choice

Engineers, scientists, or architects, who design new products or services for a firm, belong to which level of a business hierarchy?

• A) middle management
• B) production workers
• C) knowledge workers
• D) data workers

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Definitions:

Accounts Payable

Liabilities of a company representing amounts owed to creditors for goods and services that were purchased on credit.

Store Equipment

Fixed assets or long-term assets purchased for the operation of a store, such as shelves, register systems, and furniture, which are used in the business over several years.

F.O.B. Shipping Point

A shipping term indicating that the buyer takes ownership and responsibility for goods once they are shipped, and is responsible for shipping costs.

Merchandise Inventory

Goods that a company intends to sell to customers that are considered as current assets on the balance sheet.