Jason, a 17-Year Old High School Student, Wants to Buy

question 104

Multiple Choice

Jason, a 17-year old high school student, wants to buy a pack of cigarettes. He has the money to purchase them, but he is still not considered to be a market for the product due to his lack of to purchase the cigarettes.

• A) ability
• B) willingness
• C) authority
• D) need
• E) location

---

Definitions:

Direct Materials

The raw materials that are directly used in the manufacturing of a product, which can be easily traced to the finished product.

Conversion

The process of changing or converting resources or inputs into final products or outcomes.

Indirect Materials

Any materials needed to make a product that are not directly traced to the product.

Work In Process

Inventory that includes goods that are in the production process but are not yet completed.