Which of the Following Is a Difference Between Component Parts

question 109

Multiple Choice

Which of the following is a difference between component parts and supplies?

• A) Component parts require extensive processing before they become part of another product,whereas supplies do not.
• B) Component parts are replaced items,whereas supplies are finished items.
• C) Component parts become part of a final product,whereas supplies do not.
• D) Component parts are inexpensive when compared to other business products,whereas supplies are expensive.

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Definitions:

Ledger

A comprehensive collection of a company’s financial accounts, recording all transactions and financial activities.

Supplies

Assets consumed or used in the operating activities of a business, often categorized as either office supplies or operational supplies.

Cash

Cash refers to money in the physical form of currency, such as banknotes and coins, which is used to conduct transactions.