MegaMachines Obtains Computer Components from a Variety of Suppliers and Puts

question 109

Multiple Choice

MegaMachines obtains computer components from a variety of suppliers and puts them together according to customer specifications to create custom-made computers.This process is an example of:

• A)process manufacturing.
• B)an assembly process.
• C)synthetic production.
• D)continuous production.

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Definitions:

Intangibles

Intangibles are assets that lack physical substance but possess value, such as intellectual property, goodwill, and brand recognition.

Goods

All physically existing things that are movable at the time of identification in the contract for sale.

Proceeds

The amount of money received from a transaction, often referring to the sale of assets or property.

Documents Of Title

Legal documents that prove ownership of goods or property, such as bills of lading or warehouse receipts.